Credit, Collections & Insolvency News
The latest figures from the Insolvency Service have shown that personal and business insolvencies decreased in Northern Ireland in May 2020
There were 5 company insolvencies in Northern Ireland down from 40 in May 2019, this consisted of 2 CVLs, 2 CVAs and one administration. There were no compulsory liquidations or administrative receiverships.
Meanwhile, there were 88 individual insolvencies down 63% from May 2019, this consisted of 40 DROs and 48 IVAs. There were no bankruptcies in May 2020
Table below: Individual insolvencies in Northern Ireland, by insolvency type and month:
