YBK [Part 14]: Personal insolvencies are at a 45-year high...in Great Britain. Of course, the numbers are quite relative; the 15,400 insolvencies in the last quarter in the UK are less than the number of filings in the Central District of California for the same period. Debtors have fewer rights under British bankruptcy law, and can exempt less property, but the reasons for filing are invariably the same: borrowers are increasingly unable to remain current on mortgage and credit card payments.