Credit, Collections & Insolvency News
The Insolvency Service has published its latest enforcement outcomes. The statistics show that the total number of directors disqualified for misconduct remained around the same as in 2017/18. The average period of disqualification obtained fell slightly compared to 2017/18.
The number of bankruptcy and debt relief restrictions was broadly flat compared to 2017/18. The average period of bankruptcy restrictions was unchanged. Including outcomes from earlier years, over 6,600 former directors are currently disqualified, and over 2,400 individuals are currently subject to bankruptcy and debt relief restrictions.