Credit, Collections & Insolvency News
The Insolvency Service has published its latest analysis on personal insolvencies for Q3 2020 which indicates that. numbers decreased to 19,783 in Q3 2020, down 40% on Q2 2020, and down 37% on Q3 2019. The quarterly decrease in personal insolvencies was mainly driven by a sharp drop in Individual Voluntary Arrangements (IVAs), although a…
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The Insolvency Services has published the latest business insolvency figures for Q3 2020 which indicate a 39% fall in number to 2,672, down 9% on Q2 2020, and down 39% on Q3 2019. The fall in corporate insolvencies was driven by a decrease in Creditors’ Voluntary Liquidations (CVLs), though Administrations slightly increased (by 2%) and Company…
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The Insolvency Service has published its latest figures which indicate that in Q3 2020 Scottish company insolvencies decreased by 49% The Accountant in Bankruptcy, Scotland’s Insolvency Service, administers individual insolvency in Scotland. In Q3 2020, there were 1,758 total insolvencies in Scotland, a 49% decrease on the same quarter of 2019. This comprised of 759…
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The Insolvency Service has published its latest figures which indicate that in Q3 2020 Scottish company insolvencies decreased by 44%. The Accountant in Bankruptcy, Scotland’s Insolvency Service, administers company insolvency in Scotland showed that In Q3 2020, there were 139 total insolvencies in Scotland, a fall of 44% on the same quarter of 2019. This…
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The Insolvency Service has published its latest figures for Northern Ireland which indicate that in Q3 2020 there were 410 insolvencies, down 43% from the same quarter of 2019. This comprised 325 IVAs, 66 DROs and 19 bankruptcies. Company insolvency figures in the region showed that there were 24 company insolvencies in Northern Ireland in…
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THE number of people missing card and loan repayments has jumped in recent weeks, according to Which? An estimated 370,000 more people defaulted on a credit card or loan in October than in September, increasing from 410,000 to 780,000, the consumer group’s UK survey findings indicate. The latest findings from Which?’s consumer insight tracker reveal…
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The number of County Court Judgments (CCJs) issued against consumers in the third quarter of 2020 (Q3 2020) fell over 60 percent, from 290,184 to 112,179, compared to the same period last year, according to new figures Registry Trust. The proportion of judgments marked as satisfied remains very low at just 5 percent. The total…
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County Court Judgments (CCJs) against businesses in England and Wales fell 58 percent in Q3 2020, compared to the same quarter in 2019, according to new figures by Registry Trust. The number of CCJs against businesses decreased from 37,589 in Q3 2019 to 15,970 in Q3 2020. The total value of CCJ debt owed by…
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The number of decrees and total amount of debt registered against Scottish consumers fell by 42 percent in the third quarter (Q3) of 2020, according to figures released by Registry Trust. The number fell from 4,859 to 2,805, with the total value falling from £13.2 million to £7.6 million compared to the same period last…
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The number of decrees against Scottish businesses fell, by 35 percent, from 805 to 525 in Q3 2020 according to Registry Trust’s latest figures. The total value fell by 43 percent from over £3.6 million to just over £2 million. Both the average and median values dropped by 13 percent. The average value fell from…
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The number of debt judgments registered against Northern Ireland consumers in the third quarter (Q3) of 2020 was just 608, a huge fall of 66 percent compared to the 1,781 registered in the same period last year, according to new figures by Registry Trust. The fall in the total value of judgment debt owed in…
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The number of debt judgments registered against Northern Ireland businesses in the third quarter (Q3) of 2020 saw a very large fall according to the latest Registry Trust figures. The number of judgments registered in Q3 2020 was just 73, compared to 461 in Q2 last year, a fall of 84 percent. The total value…
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The number and total value of judgments registered against Irish consumers saw a huge fall in the third quarter (Q3) of 2020 compared to the same quarter last year, new figures released by registrar Irish Judgments show. The number of judgments against consumers fell by 81 percent, from 678 to just 126. The total value…
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