Credit, collections & insolvency news
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…
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Latest monthly statistics from the Insolvency Service have indicated that Northern Irish business insolvencies and personal insolvencies have fallen. In July 2023 there were 13 business insolvencies registered in Northern Ireland, this was 7% lower than July 2022. The business insolvencies comprised of eight CVLs, three compulsory liquidations and two CVAs. There were no administrations…
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