Credit, Collections & Insolvency News
Latest statistics from the Insolvency Service have indicated that Northern Irish business and personal insolvency figures increased the latest quarterly figures.
In January 2022, there were 18 business insolvencies registered in Northern Ireland, six times as many as in January 2021, but 31% lower than January 2020.
The insolvencies comprised of two compulsory liquidations, 12 CVLs, three CVAs and one receivership appointment. There were no administrations.
In January 2022 there were 98 personal insolvencies, 2% higher than in January 2021, but 61% lower than January 2020.
The insolvencies consisted of 77 IVAs, nine DROs and 12 bankruptcies.
