The number of people being declared insolvent was at is lowest level for a decade in 2015, but debt problems started to pick-up late in the year.

A total of 79,965 people were left with unmanageable debts last year, down 19% on 2014, official figures from the Insolvency Service show. This was the fifth successive decrease in the annual total. Despite the annual fall, the figures show a rise in personal insolvencies in the final three months of the year. The total grew to 20,404, a 3.6% increase on the previous quarter, and the second quarter-on-quarter rise in a row. However, this was 10.5% lower than the same quarter in 2014......Read more here