Northern Irish personal and business insolvency figures increase

20th November 2024

Business

#Northern Irish personal and business insolvencies

Latest monthly statistics from the Insolvency Service have shown that personal and business insolvencies rose in October 2024.

The data showed that there were 155 personal insolvencies in Northern Ireland. This was 24% higher than in October 2023. The insolvencies consisted of 99 IVAs, 23 bankruptcies and 33 DROs.

Business insolvency figures showed that there were 31 insolvencies. This was 15% higher than in October 2023.

The business insolvencies comprised of17 compulsory liquidations, 12 CVLs, one CVA and one administration.

There were no receivership appointments.

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Northern Irish personal and business insolvency figures increase

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