Personal insolvency remains a vital safety net for individuals facing financial distress, and 2026 is set to bring both challenges and opportunities. Bankruptcies, Debt Relief Orders (DROs), and Individual Voluntary Arrangements (IVAs) continue to be the main routes for individuals.
Growth in personal insolvency is not just about rising case numbers; it’s about expanding opportunities for practitioners. Candidates entering the field in 2026 will be expected to combine technical expertise with strong interpersonal skills.
The Insolvency Service’s 2025–26 plan focuses on strengthening frameworks, improving enforcement, and embracing technology. For professionals, this modernisation signals a sector in transition — one where new roles will demand adaptability, digital fluency, and a forward‑thinking approach to client support.