Northern Irish personal insolvencies fell by over a half (51%) according to the latest Insolvency Service figures which indicate that in October 2020 there were 114 individual insolvencies in Northern Ireland, down 51% from October 2019.

The figures consisted of 77 IVAs, 18 DROs and 19 bankruptcies.

Meanwhile, company insolvency numbers showed that there were 8 company insolvencies in Northern Ireland, down 84% from October 2019; this consisted of five CVLs, one compulsory liquidation and two CVAs.

There were no administrations or receivership appointments.