Insolvencies in decline

Individuals struggled before credit crunch, now fewer bankruptcies but still high

Individual insolvencies in Leicester show a steady decline since a peak in 2010. Figures for all three city constituencies show that levels began to rise well before the credit crunch in 2008. Though they have fallen, insolvencies are still much more common now than ten or fifteen years ago.

The chart shows total insolvencies, including bankruptcy orders, debt relief orders and individual voluntary arrangements.

Leicester West has the highest insolvency rate in the city, at 29.1 per 10,000 in 2013, followed by Leicester South 18.7 and Leicester East 17.9. The highest rates in England and Wales include Vale of Clwyd at 49.3, Torbay at 48.6 and Stoke-on-Trent North at 45.0.

Lowest insolvency rates are in Battersea 7.9, Finchley and Golders Green, 7.9 and Wimbledon, 7.0.

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