The Insolvency Service has published its annual performance data for 2020 about Individual Voluntary Arrangements (IVAs). The figures show that early termination rates of IVAs have dropped 11% in the past year, while total IVAs have risen by almost 20,000 since 2018 and that IVAs have risen steadily on an annual basis since 2015, although…

The Social Market Foundation (SMF) estimates that nearly 770,000 families are at risk of losing their homes if they suffer a loss in income when a ban on repossessions ends in April. The Social Market Foundation think tank analysed official data and found that of the 770,000 at risk of repossession, a quarter (26%) worked…

Scottish personal insolvencies in December 2020 fell  38.6% when compared with January 2020 numbers. The figures released by Accountant in Bankruptcy (AIB), Scotland’s Insolvency Service which administers company liquidations and receiverships in Scotland showed that in January 2021 that there were 8,412 personal insolvencies in the 12 months to January 2021 (inclusive), 5,289 (38.6%) fewer…

Latest statistics from the Insolvency Service have shown that personal and business insolvencies continue to remain low in comparison to previous years. There were 96 Individual Insolvencies In January 2021 which were 62% lower than January 2020; this consisted of 74 IVAs, 11 DROs and 11 bankruptcies. In January 2021 there were three company insolvencies…

Latest statistics from the Insolvency Service have shown that personal insolvencies in England & Wales decreased by 13.7% to 8,305 in January 2020 compared to December’s figure of 9,623, and were 20.8% lower than January 2020’s figure of 10,482. Overall, numbers of individual insolvencies have remained low since the start of the first UK lockdown…

The Government has announced that renters will continue to be supported during the ongoing national lockdown restrictions, with an extension to the ban on bailiff evictions extended until 31st March. The ban on bailiff evictions was introduced at the start of the pandemic means that the ban has been extended for another six weeks with…

450,000 families are thought to have fallen behind on rent, as a result of the coronavirus crisis, according to a new report by the Resolution Foundation. The research indicated that more than 750,000 had been behind on housing costs last month, a 450,000 rise when compared to January 2020. The report examined how families have…

The number of County Court Judgments (CCJs) issued against consumers in England and Wales in 2020 fell by 45 percent compared to 2019, from 1,146,475 to 626,775, according to figures released by Registry Trust. The total value of CCJs registered in 2020 fell by 34 percent to £1.1 billion, down from £1.7 billion in 2019.…

The number of decrees and total amount of debt registered against Scottish consumers fell sharply in 2020 compared to 2019, according to figures released by Registry Trust. The number of decrees fell by 31 percent from 19,153 to 13,308. The total value fell from £49.6 million to £37.2 million, a fall of 25 percent compared…

The number of debt judgments registered against Northern Ireland consumers in 2020 was 3,207, a fall of 52 percent compared to the 6,649 registered in 2019, according to figures released by Registry Trust. The total value of consumer judgment debt owed in 2020 also fell by just over half (54%) compared to last year, from…

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