Personal insolvencies fall to lowest level in over a year
Figures are for England and Wales in the first three months of 2020
The number of people going financially insolvent across England and Wales fell to the lowest level in more than a year in the first quarter of 2020.
Industry experts commenting on the figures predicted that insolvency numbers could drift down further in the next few months, before spiking towards the end of 2020.
Many people were already just one change in circumstances away from being unable to cope with their debts, even before the coronavirus outbreak, they said.
Some 27,849 personal insolvencies were recorded between January and March - the lowest quarterly figure since 24,763 cases in the third quarter of 2018.
The latest total was down by 11% compared with the first quarter of 2019.Published: by Radio NewsHub