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Rate of personal insolvencies continues to rise
Alec Pillmoor

01 May 2019

The number of individuals entering a personal insolvency procedure shows few signs of slowing as the rolling 12-month insolvency rate rose further in the last quarter, representing the highest quarter one figure since 2010.

RSM predicts continued rise in Bankruptcy numbers
Alec Pillmoor

26 April 2019

RSM is predicting that official figures, due to be published next Tuesday, will show a 6 per cent rise in quarter one bankruptcy rates in England and Wales compared to both the previous quarter and quarter one in 2018.

Personal insolvencies reach eight-year high
Alec Pillmoor

30 January 2019


The number of individuals entering insolvency is at an eight-year high with insolvency voluntary arrangements hitting a record high, according to new official figures published today.

RSM predicts personal insolvencies to reach a six-year high
Alec Pillmoor

24 January 2019

RSM is predicting that official figures, due to be published next week, will show a 10 per cent rise in annual personal insolvency rates in England and Wales, reaching the highest level for six years.

Overall personal insolvencies fall slightly as bankruptcies rise
Alec Pillmoor

30 October 2018

While overall personal insolvencies fell in the quarter to 30 September 2018 by 2.5 per cent compared to the same period in 2017, the rise in creditor-petitioned bankruptcies suggests that creditors are getting tougher on problem debtors.

Young adults most at risk from interest rate rise
Alec Pillmoor

01 August 2018

Alec Pillmoor, personal insolvency partner at RSM comments ahead of a possible interest rate rise. "We know that any rate rise is likely to be limited, but that doesn't mean that it won't be felt – particularly by indebted young adults."

Insolvency Service reports highest levels of personal insolvency in over six years while IVAs reach record high
Alec Pillmoor

27 July 2018

The number of people entering a formal personal insolvency process is at its highest quarterly level for over six years, according to new official figures published today.

RSM further strengthens Hull team with new hire
Andy Capes

06 June 2018

Leading audit, tax and consulting firm RSM has appointed Andy Nalliah as a new director in the personal insolvency practice in Hull.

Personal insolvencies at highest rate since 2012
Alec Pillmoor

27 April 2018

The number of people entering personal insolvency is at its highest level for over five years. The figures released by the Insolvency Service today reveal that there were 27,388 individuals entering either bankruptcy, a debt relief order or an individual voluntary arrangement, the highest number since Quarter 3 of 2012.

Personal insolvencies rise by 9.4 per cent in 2017 as IVAs reach record high
Alec Pillmoor

26 January 2018

The number of people entering into a formal insolvency process rose by 9.4 per cent in 2017, with insolvencies returning to levels last seen in 2014.

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