Credit, Collections & Insolvency News
Latest statistics from the Insolvency Service have indicated that Northern Irish business insolvencies increased whilst personal insolvency figures declined in the latest monthly figures round-up for April.
In April 2022 there were 13 company insolvencies registered in Northern Ireland, 2.6 times as many as in April 2021, but 32% lower than April 2019. This was comprised of six compulsory liquidations, four CVLs, two administrations and one CVA. There were no receivership appointments.
In April 2022 there were 162 individual insolvencies in Northern Ireland, 28% lower than in April 2021, and 51% lower than April 2019. This consisted of 144 IVAs, 14 DROs and four bankruptcies.
