Credit, Collections & Insolvency News
Latest monthly statistics from the Insolvency Service have indicated that Northern Irish business insolvencies fell and personal insolvency increased.
In January 2023 there were 14 business insolvencies registered in Northern Ireland, 22% lower than January 2022 and 46% lower than January 2020.
The business insolvencies comprised of nine CVLs, one compulsory liquidation and four CVAs. There were no administrations or receivership appointments.
In January 2023 there were 123 personal insolvencies in Northern Ireland, this 26% higher than in January 2022, but 51% lower than January 2020.
The personal insolvencies consisted of 103 IVAs, 15 DROs and five bankruptcies.
