According to a recent report by The Insolvency Service, the annual insolvency rates per 10,000 adults have dropped to their lowest level since 2005. The rates reached an all-time high in 2009, at the tail end of the recession but have been steadily falling since. In 2014 the rates stood at 21.8 per 10,000 adults to 17.6 in 2015, a decrease of 4.2. This trend has been mirrored on a regional basis.
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