The insolvency figures show 19,634 people went bust in Scotland during 2011 – 0.38% of the population. In England and Wales 0.22% of the population, or 119,850 people, were made bankrupt.
Accountancy and business advice firm PKF, which compiled the report, warned that it was "hard to see" the levels of personal insolvencies changing with house prices remaining static or falling, wages frozen and unemployment rising.
