The Insolvency Service has published the individual insolvency figures for 2009. In line with predictions, there were 134,142 individual insolvencies in England and Wales last year.

2009 was another record year for personal bankruptcy, with 74,670 being declared bankrupt, an increase of 25.9% on 2008. Tellingly, 85.4% of individual bankruptcies were made on the petition of the debtor, which is in line with the trend of the last few years whereby people are choosing bankruptcy for themselves, rather than being forced into it by creditors (petitions).