NEW GOVERNMENT statistics have revealed that Torbay is the second worst Parliamentary constituency in the country for bankruptcy rates.
The statistics show that 9.8 people per 10,000 were declared bankrupt in 2014 – 78 new bankruptcy cases – with only Wythenshawe and Sale East having a higher rate of new bankruptcy cases.
Torbay also had the third highest individual insolvency cases in the country, with 43.8 people per 10,000 adults declared insolvent in 2014. Only in the Vale of Clwyd and in Stoke-on-Trent North were more adults declared insolvent. Torbay had in the past been ‘top’ of the list.
Torbay was also in the top ten for debt relief orders. A debt relief order is a way to have your debts written off if you have a …
Read the full article at: http://www.torquayheraldexpress.co.uk/Torbay-worst-insolvency-cases/story-28370093-detail/story.html