Personal insolvencies jumped by 8% month on month in April

THE number of people going financially insolvent in England and Wales jumped in April, according to Insolvency Service figures.

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Some 10,012 people entered insolvency in England and Wales last month, which was 8% higher than in March 2025 and 4% higher than in April 2024.

The total was made up of 589 bankruptcies, 3,837 debt relief orders (DROs) and 5,586 individual voluntary arrangements (IVAs).

DRO numbers in April remained similar to the record high levels seen over the past year, the Insolvency Service said.

The rise in DROs has coincided with the expansion of eligibility criteria and the removal of an administration fee.