News archive for May 2015

Personal insolvencies at 10 year low

May 15, 2015|By Financial Saviour

Following the news that corporate insolvencies have fallen to their lowest since the end of 2007, statistics from the Insolvency Service also show that individual insolvencies in England and Wales have dropped to their lowest levels for a decade.

Despite times of low inflation, unemployment and booming interest rates, figures indicated that, for the opening three months of…

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Significant drop for Corporate Insolvencies

May 7, 2015|By Financial Saviour

It’s official, company insolvencies in England and Wales have fallen to their lowest since the end of 2007.

According to the Insolvency Service agency, latest statistics on businesses entering into formal insolvency in the first quarter of 2015 have dropped one percent less than the final quarter of 2014 and a whole 11% lower than the same quarter last year.

We…

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