Scottish personal insolvencies decrease

12th June 2020

The Accountant in Bankruptcy, Scotland’s Insolvency Service that administers person insolvencies in Scotland has published its statistics for May 2020 which indicated that there were 616 personal insolvencies (bankruptcies and protected trust deeds (PTDs)) in May 2020,

The figures show that this 650 (51.3%) less than in May 2019.

Bankruptcies decreased by 79.3% in May 2020 when compared with May 2019. (

PTDs decreased by 37.1% over the same period.

Whilst there were 237 approved Debt Payment Programmes (DPPs) under Debt Arrangement Scheme in May 2020 compared with 285 for May 2019, a decrease of 16.8%.

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Scottish personal insolvencies decrease

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