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flag A record 4,239 debt relief orders were issued in August 2025, driven by rising financial distress and the removal of a £90 fee.

flag A record 4,239 debt relief orders were issued in August 2025, the highest monthly total since their introduction, as financial insolvency in England and Wales rose 16% compared to August 2024. flag The increase follows the abolition of a £90 fee in April 2024, expanding access to DROs. flag Insolvency totals reached 11,348, including 622 bankruptcies and 6,487 individual voluntary arrangements, with IVAs also rising above recent averages. flag Company insolvencies increased 6% year-on-year, reaching 2,048. flag Experts cite ongoing economic pressures, high interest rates, and cost-of-living challenges as key drivers.

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