Policy & Research
Personal Insolvency

 

R3 is the trade association for the UK’s insolvency, restructuring, advisory, and turnaround professionals. We represent insolvency practitioners, lawyers, turnaround and restructuring experts, students, and others in the profession.

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Bankruptcy

Over recent years there has been a dramatic increase in the number of people struggling with their debts. As a consequence, there has been a personal insolvency explosion, with the number of formal insolvencies increasing by almost 300% since 2002. When an individual is struggling with their debts, there are a variety of options available to them, depending on their circumstances. Bankruptcy is just one debt solution, designed to free people from their debts after a period of time. In 2012, there were over 30,000 bankruptcies in England and Wales. 

R3 Bankruptcy Paper Feb 13 FINAL - Size: 1804Kb Download
Personal insolvency by Parliamentary constituency

R3, the insolvency trade body, has put together a map to show personal insolvency rates by parliamentary constituency across England and Wales. 

R3 Personal Insolvency Parliamentary Map FINAL 2014 - Size: 7767Kb Download
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Ceara RoopchandCeara Roopchand
Policy & Public Affairs Manager
020 7566 4212
Lyle HorneLyle Horne
Policy and Public Affairs Officer
0207 566 4202
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