Scottish personal insolvencies decrease by 49%

2nd November 2020

The Insolvency Service has published its latest figures which indicate that in Q3 2020 Scottish company insolvencies decreased by 49%

The Accountant in Bankruptcy, Scotland’s Insolvency Service, administers individual insolvency in Scotland.

In Q3 2020, there were 1,758 total insolvencies in Scotland, a 49% decrease on the same quarter of 2019.

This comprised of 759 sequestrations (of which 498 went into sequestration via the minimal asset process route) and 999 protected trust deeds.

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Scottish personal insolvencies decrease by 49%

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