Credit, Collections & Insolvency News
Latest monthly statistics from the Insolvency Service have indicated that Northern Irish business insolvencies personal insolvency fell.
In February 2023 there were nine business insolvencies registered in Northern Ireland, 50% lower than February 2022 and 67% lower than February 2020.
The insolvencies comprised of six CVLs, one compulsory liquidation and two CVAs.
There were no administrations or receivership appointments.
The figures showed that there were 111 personal insolvencies in Northern Ireland, 31% lower than in February 2022, and 59% lower than February 2020.
The insolvencies consisted of 87 IVAs, 16 DROs and eight bankruptcies.
