Northern Irish personal and business insolvencies fell in August

20th September 2022

News

Latest quarterly statistics from the Insolvency Service have indicated that Northern Irish personal insolvencies and business insolvencies decreased in August.

The figures showed that there were 125 personal insolvencies, 16% lower than in August 2021, but 39% lower than August 2019.

The personal insolvencies consisted of 111 IVAs, 10 DROs and four bankruptcies.

Business insolvencies consisted of 14 company insolvencies, 56% higher than in August 2021, but 36% lower than August 2019.

The business insolvencies comprised of two compulsory liquidations, 10 CVLs, one administration and one CVA.

There were no receivership appointments.

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Northern Irish personal and business insolvencies fell in August

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