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The number of individual insolvencies in England and Wales fell to its lowest level in eight years in 2013, according to government figures.
In total 101,049 individuals became insolvent last year, the lowest number since 2005. On the corporate side, 14,982 companies went into liquidation, the lowest since 2007. However, the figures are still considerably higher than they were before the financial crisis.
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The number of individuals becoming insolvent in 2013 fell by 8% compared with 2012, while the number of companies going out of business fell by 7.3%..,....Read more here
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