Northern Irish consumer and business insolvencies continue to fall

2nd November 2020

The Insolvency Service has published its latest figures for Northern Ireland which indicate that in Q3 2020 there were 410 insolvencies, down 43% from the same quarter of 2019.

This comprised 325 IVAs, 66 DROs and 19 bankruptcies.

Company insolvency figures in the region showed that there were 24 company insolvencies in Northern Ireland in Q3 2020, a fall of 70% on the same quarter of 2019.

This comprised 16 CVLs, 4 administrations, 3 CVAs and one compulsory liquidation.

There were no administrative receiverships.

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Northern Irish consumer and business insolvencies continue to fall

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