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1139917
star this property registered interest false more like this
star this property date less than 2019-07-17more like thismore than 2019-07-17
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
unstar this property answering dept short name Business, Energy and Industrial Strategy more like this
star this property answering dept sort name Business, Energy and Industrial Strategy remove filter
star this property hansard heading Insolvency more like this
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps his Department is taking to prevent insolvency; and what assessment he has made of the disparity in insolvency rates between (a) regions of England and Wales and (b) men and women. more like this
star this property tabling member constituency Birmingham, Selly Oak more like this
star this property tabling member printed
Steve McCabe remove filter
star this property uin 278351 more like this
unstar this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2019-07-23more like thisremove minimum value filter
star this property answer text <p>The Government is committed to helping people make good financial decisions, establishing the Money and Pensions Service to provide free support and guidance on all aspects of people’s financial lives. It has increased funding for the provision of debt advice in each of the past two years rising to almost £56million this year in England, which will deliver 560,000 debt advice sessions.</p><p> </p><p>Where individuals do get into problem debt the government has announced it will deliver its manifesto commitment for a Breathing Space scheme, which will protect debtors from creditor action, help them get professional advice on their debt problems, and enable them to find an appropriate and sustainable debt solution.</p><p> </p><p>The regional personal insolvency rate increased in 2018, driven mainly by individual voluntary arrangements (IVAs), with all regions following the national trend.</p><p> </p><p>Historically, males had a higher rate of insolvencies per 10,000 adults than females, but the gender gap noticeably narrowed from 2009 onwards and, by 2014, females began to have higher insolvency rates than males. This change coincided with a decline in the number of bankruptcies (where males have a higher rate of insolvency), the introduction and growth in the number of debt relief orders (where the rate for women is higher), and the narrowing and subsequent reversal of the gender gap for IVAs.</p><p> </p><p>The latest data providing a breakdown of individual insolvencies can be found in Individual Insolvencies by Location, Age and Gender, England and Wales, 2018; released on 17th July 2019 on the GOV.UK website.</p>
star this property answering member constituency Rochester and Strood more like this
star this property answering member printed Kelly Tolhurst more like this
star this property question first answered
less than 2019-07-23T15:12:07.45Zmore like thismore than 2019-07-23T15:12:07.45Z
star this property answering member
4487
star this property label Biography information for Kelly Tolhurst more like this
star this property previous answer version
130462
star this property answering member constituency Rochester and Strood more like this
star this property answering member printed Kelly Tolhurst more like this
star this property answering member
4487
star this property label Biography information for Kelly Tolhurst more like this
unstar this property tabling member
298
unstar this property label Biography information for Steve McCabe more like this