Northern Irish personal and business insolvencies increase

Latest statistics from the Insolvency Service have shown that Northern Irish personal and business insolvencies numbers increased in August when compared to 2020’s figures.

In August 2021 there were 148 personal insolvencies in Northern Ireland, 38% higher than August 2020 but 28% lower than August 2019. This consisted of 127 IVAs, 15 DROs and six bankruptcies.

There were nine company insolvencies registered in Northern Ireland, more than double the number than in August 2020 but 59% lower than August 2019. This is comprised of one compulsory liquidation and eight CVLs. There were no CVAs, administrations or receivership appointments.