Women ‘increasingly more likely than men to become insolvent’ – East Lothian Courier

Women are increasingly more likely than men to see their finances deteriorate so badly that they become insolvent, official figures show.

The rate of female insolvencies across England and Wales first overtook that for men in 2014 and since then the insolvency gender gap has widened.

In 2016, for the first time, women were more likely than men to take out a form of insolvency called an individual voluntary arrangement (IVA) an agreement whereby money is shared out between creditors.

Women had a rate of 10.9 IVAs per 10,000 adults last year, while for men the r…

Read the full article at: http://www.eastlothiancourier.com/news/15409179.Women____increasingly_more_likely_than_men_to_become_insolvent___/