The number of individuals under threat of going bust rose almost 10 percent in April.

The cost of living squeeze and difficulties meeting debt repayments were the driving force behind the rise of 9.9 percent to 9,651.

The figures are in line with banking industry figures showing a £4.5 billion increase in the nation’s credit card debt in the past year taking it to more than £64 billion.

Separately, there was also an 18.7 percent rise in corporate insolvencies in the month, taking the figure…