Northern Irish personal insolvencies rise whilst business insolvencies fall

3rd August 2022

Latest quarterly statistics from the Insolvency Service have indicated that Northern Irish personal insolvencies increased whilst business insolvency figures declined.

The figures showed that in Q2 2022 there were 440 personal insolvencies in Northern Ireland, 25% down on the same quarter of 2021. The insolvencies comprised 373 IVAs, 39 DROs and 28 bankruptcies.

Separately there were 58 business insolvencies in Q2 2022, this was 2.5 times higher (an increase of 152%) than in the same quarter of 2021.

The business insolvencies comprised 33 CVLs, 20 compulsory liquidations, two administrations and three CVAs.

There were no administrative receiverships.

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Northern Irish personal insolvencies rise whilst business insolvencies fall

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