In Depth Analysis: CalculatedRisk Newsletter on Real Estate (Ad Free) Read it here.

Saturday, November 07, 2009

U.K. Record 35 Thousand People Declared Insolvent in Q3

by Calculated Risk on 11/07/2009 05:13:00 PM

From the Independent: Personal insolvencies rise to new record as unemployment bites

More people than ever before were declared insolvent in England and Wales during the third quarter of the year. Figures released by the Insolvency Service yesterday reveal that there were 35,242 personal insolvencies over the three months to the end of September, up by 28 per cent on the same period of 2008 ...
There was a decrease in corporate insolvencies in the U.K.

For the most recent stats in the U.S., from the American Bankruptcy Institute: October Consumer Bankruptcy Filings Reach New Highs, Up 28 Percent Over Last Year and a graph of U.S. personal bankruptcy filings here.