Credit, collections & insolvency news
Latest monthly statistics from the Insolvency Service have indicated that Northern Irish business insolvencies and personal insolvencies have fallen.
In July 2023 there were 13 business insolvencies registered in Northern Ireland, this was 7% lower than July 2022.
The business insolvencies comprised of eight CVLs, three compulsory liquidations and two CVAs. There were no administrations or receivership appointments.
The data also showed that there were 108 personal insolvencies in Northern Ireland, 33% lower than in July 2022.
The insolvencies consisted of 83 IVAs, 16 DROs and nine bankruptcies.
