Debt Advisers Direct is a trading style of Freeman Jones and part of the Think Money Group. We have over 15 years' experience helping people in debt and won numerous awards.
A total of six out of ten British towns with the highest per capita bankruptcy rate are in the south-west of England, according to new research.
The BBC-commissioned study by credit reference agency Experian looked at debt figures for 300 towns and boroughs across the UK, focussing on the incidence of bankruptcies, individual voluntary arrangements (IVAs) and reported levels of financial stress.
Additionally, the report found that financial stress - defined as "potential to become overstretched and struggle with further payments" - was highest in the north, with nearly three out of ten people in Manchester and Glasgow admitting to money pressures.
The incidence of IVAs was found to be highest in the south, particularly along the M4 corridor.
Nearly 30,000 insolvencies were recorded in England and Wales during the fourth quarter of 2006 by the Insolvency Service.
