The latest personal insolvency statistics show that the North West still has stubbornly high rates of personal insolvency, north west constituencies featuring in the top ten highest for all personal insolvency cases in 2015.

Preston is showing at No 6 in the overall insolvency rates, with 265 cases at a rate of 35.7 per 10,000 population.

More detailed statistics show the following:


Blackpool North & Cleveleys  –  No 2 with a rate of 7.4 cases per 10,000

Burnley  – No 8 with a rate of 6.5 cases per 10,000


Debt Relief Orders (DRO)

Preston  –  No 6 with a rate of 19.3 cases per 10,000


Individual Voluntary Arrangements (IVA)

Blackpool South  –  No 3 with a rate of 17.4 cases per 1000


Clearly these figures do include the many individuals using Debt Management firms nor do they include household members who may be affected by family debt.

With offices of both Burnley and Leyland, TH Financial Recovery is ideally situated to offer confidential, sympathetic and no obligation advice. Ring 01282 332222 OR 01772 641146 to speak with one of our team.