Credit, collections & insolvency news
Latest monthly figures from the Insolvency Service for England & Wales have indicated that personal insolvency figures in July 2024 remained at similar levels to June 2024, but were 24% higher than in July last year at 10,524. The personal insolvencies consisted of 634 bankruptcies, 4,163 debt relief orders (DROs) and 5,727 individual voluntary arrangements (IVAs).…
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Latest figures from the Insolvency Service have shown that there were 2,191 business insolvencies in England & Wales in July 2024, 7.3% lower than in June 2024 (2,363) but 15.9% higher than the same month in the previous year (1,890 in July 2023). The insolvencies consisted of 320 compulsory liquidations, the highest monthly number since…
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The latest monthly statistics from the Insolvency Service have shown that business insolvencies increased by 54% and personal insolvencies increased by 41%. The data shows that in July 2024 there were 20 business insolvencies registered in Northern Ireland, 54%, this was higher than in July 2023. The business insolvencies comprised of 10 CVLs, five compulsory…
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Latest figures from Accountant in Bankruptcy (AiB) have shown that business insolvencies in Scotland increased by 21% in July 2024. In July 2024 there were 117 business insolvencies registered in Scotland, which was 21% higher than in July 2023. The insolvencies comprised of 76 CVLs, 33 compulsory liquidations and eight administrations. There were no CVAs or receivership…
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