Northern Irish personal and business insolvencies fall

The latest statistics from the Insolvency Service indicate that Northern Irish business insolvencies and personal insolvency figures fell in the latest monthly statistics round-up for June.

The figures showed that there were 26 company insolvencies registered in Northern Ireland, 2.4 times as many as in June 2021, but 10% lower than June 2019.

The insolvencies comprised 11 compulsory liquidations, 12 CVLs, one administration and two CVAs. There were no receivership appointments.

There were 134 personal insolvencies, 18% lower than in June 2021, and 30% lower than in June 2019.

The insolvencies consisted of 101 IVAs, 17 DROs and 16 bankruptcies