The Insolvency Service has published its latest figures which indicate that in August 2020 that company and personal insolvencies continued to decrease.

There were four company insolvencies in Northern Ireland, down from 22 in August 2019. This consisted of two CVLs and two administrations. There were no compulsory liquidations, CVAs or administrative receiverships.

Whilst there were 107 individual insolvencies in Northern Ireland, down 48% from August 2019; this consisted of 82 IVAs, 21 DROs and four bankruptcies.