Statistics from the Department of Enterprise, Trade and Industry (DETI) have indicated that the period spanning April to June saw a total of 752 people made insolvent, a rise of 18% on the same quarter last year.The figure includes those who have been made bankrupt and others with Individual Voluntary Arrangements.

The figures are in sharp contrast to the trend in the rest of the UK where the number of personal insolvencies are down.  In England and Wales, the number of individual insolvencies fell 12% in the same period and there was a slight fall in Scotland too.

If you are currently struggling with debt, call advice4debtNI free, and in confidence, on 0800 917 4607.  Advice4debtNI are a free debt advice helpline service funded by the Department of Enterprise, Trade and Investment.