The total number of personal insolvencies will fall by almost a third in the second quarter of 2015 compared to the same time last year, eprivateclient Top 25 Accountancy Firm Baker Tilly has predicted. If this occurs, it will mark the biggest drop seen since at least 1985.

Using data sourced from Baker Tilly’s online early warning system service Tracker, the UK Insolvency Service will report 19,500 personal insolvencies in England and Wales in the second quarter of 2015 when results are published on 29 July.

The predictions suggest a decrease in the number of ...