A new report from the IVA Information Center has singled out Scotland as being a strong source for insolvency problems, and stated that the country may see a steep increase in the number of agreements in the near future.
The group commented: "Evidently, Scottish people are twice as likely to become insolvent versus the rest of the United Kingdom.
Statistics show that one-third of Scottish adults are insolvent and 2 out of 1,000 will file for bankruptcy, while 1 in 1,000 will file bankruptcy from England and Wales."