The number of people declared
insolvent owing to unmanageable debts was 13% higher in 2016 compared
with the previous year, official figures show.
However, the numbers, although rising, remain well below the peak level of insolvencies reached in 2010.
The head of the Bank of England warned recently that "vigilance" was needed over rising levels of debt.
'Tide has turned'
Insolvencies in England and Wales were lower in 2016 than in any year from 2006 to 2014.Read more
