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 registered in Northern Ireland, which is 88% lower than January 2020, this consisted of two compulsory liquidations and one CVL. There were no CVAs, administrations or receivership appointments.

Overall, numbers of personal and business insolvencies have remained low since the start of the first UK lockdown in March 2020 Northern Ireland, January 2020 to January 2021