English counties worst hit by bankruptcy revealed

National debt charity Consumer Credit Counselling Service has identified the West Country as England's bankruptcy hub.

Related topics:  Finance News
Millie Dyson
12th December 2011
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Figures obtained by the charity from the Insolvency Service found that Cornwall and the Isles of Scilly, Devon, Dorset and Somerset 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.

In 2009, the most recent available figures for bankruptcy per county, 24 people per 10,000 went bankrupt in Cornwall and the Isles of Scilly.

This compared to Greater London, which had the lowest number of people going bankrupt at 11 people per 10,000.

Devon had the third highest number at 23 people per 10,000, Dorset had the sixth highest number at 21.9 people per 10,000 and Somerset had the seventh highest number at 21.8 people per 10,000.

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

CCCS external affairs director Delroy Corinaldi says:

"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. 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."
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