Latest monthly statistics from the Insolvency Service have indicated that Northern Irish personal insolvencies have risen whilst business insolvency figures fell.
In August 2023 there were 139 personal insolvencies in Northern Ireland, which was 11% higher than in August 2022. The insolvencies consisted of 108 IVAs, 14 DROs and 17 bankruptcies.
Business insolvencies registered in Northern Ireland were 14% lower than in August 2022.
The business insolvencies comprised of 6 CVLs, 2 compulsory liquidations and 4 CVAs. There were no administrations or receivership appointments.