‘Calm before the storm’ as bankruptcy numbers fall during lockdown

Drop in insolvencies linked to government bailout and reduced court sittings

Peter Stubley
Friday 12 June 2020 21:31
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More economic turbulence expected as GDP plummets by over 20 per cent
More economic turbulence expected as GDP plummets by over 20 per cent

A drop in the number of people going bankrupt across England and Wales last month could be the “calm before the storm”, experts have warned.

There were 739 bankrupties in May, down 49 per cent compared with the same month last year, according to Insolvency Service data.

The number of debt relief orders (DROs), another form of personal insolvency, was also down by 32 per cent compared with May 2019.

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