Credit, Collections & Insolvency News
Latest statistics from the Insolvency Service have shown that Northern Irish personal declined and that business insolvencies increased in September when compared to 2020’s figures.
In September 2021 there were 11 business insolvencies registered in Northern Ireland, 10% higher than in September 2020 but 69% lower than September 2019. This comprised of one administration, nine CVLs and one CVA. There were no compulsory liquidations or receivership appointments.
Whilst there were 123 personal insolvencies in Northern Ireland, 14% lower than September 2020 and 61% lower than September 2019. This consisted of 92 IVAs, 21 DROs and 10 bankruptcies.