Credit, Collections & Insolvency News
Latest monthly statistics from the Insolvency Service have indicated that Northern Irish business insolvencies decreased while personal insolvencies declined slightly.
In March 2023 there were 12 business insolvencies registered in Northern Ireland, this was 40% lower than in March 2022. The business insolvencies comprised of eight CVLs, two compulsory liquidations and two administrations.
There were no CVAs or receivership appointments.
The figures showed that there were 176 personal insolvencies which was 1% higher than in March 2022.
The personal insolvencies consisted of 131 IVAs, 27 DROs and 18 bankruptcies.