A RECORD number of people in England and Wales were declared insolvent during 2009, figures showed today.
A total of 134,142 people went bankrupt or took out an Individual Voluntary Arrangement (IVA) or Debt Relief Order during the year, according to the Insolvency Service.
The figure dwarfed the previous record of 107,288 personal insolvencies set in 2006, with insolvency practitioners estimating this level had already been passed by October last year.
