This site uses cookies; by continuing to use our site you agree to our use of cookies. More details in our privacy policy. Close

 

 

"Bankruptcy, I'll ave ee": West Country insolvencies soar 12 December 2011

The figures - obtained by the charity from the Insolvency Service - found that Cornwall, Devon, and Somerset - home of The Wurzels (pictured) - have some of the highest rates of bankruptcy per county as well as some of the fastest growing.

Cornwall and the Isles of Scilly have the highest number of people going bankrupt of any English county, while Dorset scored the highest rate of growth during the first decade of the 21st century.

Delroy Corinaldi, external affairs director at the CCCS said that while all parts of the country have experienced high rates of bankruptcy over the past decade, this trend is particularly marked in the West Country.

He added: "This is likely to result from a mix of factors such as high debt levels and less job opportunities than you would find in large urban areas.

"Another issue could be that people are waiting longer to seek debt help and are deeper into their debt problem when they do."

Comparing increases in the rate of bankruptcies per county over the past 10 years, Dorset saw the fastest growth during that period with a five-fold increase from 4.3 per 10,000 in 2000 to 2009.

Top ten counties for bankruptcy rates

1. Cornwall & Isles of Scilly (24 people per 10,000)

2. Northumberland (23.5 people per 10,000)

3. Devon (23.4 people per 10,000)

4. Lincolnshire (22.8 people per 10,000)

5. Tyne & Wear (22.4 people per 10,000)

6. Dorset (21.9 people per 10,000)

7. Somerset (21.8 people per 10,000)

8. Durham (21.3 people per 10,000)

9. Worcestershire (21.1 people per 10,000)

10. Essex (20.7 people per 10,000)

 

Top ten counties for bankruptcy growth 

 1. Dorset (Number of bankruptcies in 2009 was 21.9, up from 4.3 in 2000)

2. Staffordshire (Number of bankruptcies in 2009 was 18.9, up from 4.1 in 2000)

3. Northumberland (Number of bankruptcies in 2009 was 23.5, up from 5.1 in 2000)

4. Cheshire (Number of bankruptcies in 2009 was 16.3, up from 3.7 in 2000)

5. Tyne & Wear (Number of bankruptcies in 2009 was 22.4, up from 5.2 in 2000)

6. Gloucestershire (Number of bankruptcies in 2009 was 17.8, up from 4.2 in 2000)

7. Essex (Number of bankruptcies in 2009 was 20.7, up from 4.9 in 2000)

8. Merseyside (Number of bankruptcies in 2009 was 17.3, up from 4.1 in 2000)

9. Warwickshire (Number of bankruptcies in 2009 was 16, up from 3.8 in 2000)

10. Somerset (Number of bankruptcies in 2009 was 21.8, up from 5.2 in 2000)

 

By Joe McGrath

 

 

blog comments powered by Disqus