Credit, Collections & Insolvency News
Latest statistics from the Insolvency Service have indicated that Northern Irish business insolvencies and personal insolvency figures declined in the latest monthly figures round-up for May.
In May 2022 there were 20 company insolvencies registered in Northern Ireland, 2.6 times as many as in May 2021, but 50% lower than May 2019. This was comprised of three compulsory liquidations and 17 CVLs. There were no administrations, CVAs or receivership appointments.
Whilst there were 144 individual insolvencies in Northern Ireland, 26% lower than in May 2021, and 39% lower than May 2019. This consisted of 128 IVAs, eight DROs and eight bankruptcies.