Scottish personal insolvencies fall by 9.1%

Latest data from Accountant in Bankrupcy has showed that personal insolvency levels fell by 9.1% in Scotland during Quarter 2, to a total of 1,891. The number of personal insolvencies (bankruptcies and protected trust deeds) in Scotland decreased by 8.3% when compared to the previous quarter’s total of 2,063 (April-June 2024). Iain Fraser, Chair of the…

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Personal insolvency numbers increased by 6% in September

Latest monthly figures from the Insolvency Service for England & Wales have indicated that personal insolvency figures increased by 6% in September 2024 to a total of 10,651 compared to August’s total of 10,046, and increased by 44.5% compared to September 2023’s figure of 7,372. The personal insolvency figures consisted of 567 bankruptcies, 4,032 debt relief…

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Personal insolvencies fall by 5%

Latest monthly figures from the Insolvency Service for England & Wales have indicated that personal insolvency figures fell by 5% with a total of 10,000 individuals entering into insolvency. The personal insolvencies consisted of 594 bankruptcies, 4,166 debt relief orders (DROs) and 5,240 individual voluntary arrangements (IVAs). The number of bankruptcies in August 2024 was…

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Personal insolvency numbers remain stable

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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Scottish personal insolvencies fall 2%

Personal insolvency numbers (bankruptcies and protected trust deeds) in Scotland for Q1 2024-2025 decreased by 2.1% compared with Q1 2023-2024, to a total of 2,056 according to latest accountant in Bankrupcy figures. The number of personal insolvencies (bankruptcies and protected trust deeds) increased by 9% compared to the previous quarter’s total of 1,886 (January-March 2024).…

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Personal insolvency numbers increase by 11%

Latest monthly figures from the Insolvency Service for England & Wales have indicated that personal insolvency figures increased by 11% in June  2024 with a total of 10,395 personal insolvencies registered when compared to last month. Personal insolvency data consisted of 651 bankruptcies, 4,383 debt relief orders (DROs) and 5,361 individual voluntary arrangements (IVAs). The…

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Personal insolvencies fall by 4%

Latest monthly figures from the Insolvency Service for England & Wales have indicated that personal insolvency figures fell by 4% in May 2024 with a total of 9,266 personal insolvencies registered when compared to last month. Personal insolvencies decreased by 7.2% when compared May 2022’s total of 9,986 and decreased by 15.7% compared to pre-pandemic…

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Personal insolvencies numbers increase by 9.9%

Latest monthly figures from the Insolvency Service for England & Wales have indicated that personal insolvency figures increased by 9.9% in April 2024 with a total of 9,651 personal insolvencies registered. Personal insolvencies increased by 4.7% when compared to April 2023’s figure of 9,222. The personal insolvencies consisted of 648 bankruptcies, 3,436 debt relief orders…

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Personal insolvencies fall by 19%

Latest monthly figures from the Insolvency Service for England & Wales have indicated that personal insolvency figures fell by 19% in March 2024 with a total of 8,708 personal insolvencies registered. The figures was 19% lower than in February 2024 and 9% lower than in March 2023. The insolvencies consisted of 681 bankruptcies, 2,628 debt…

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Personal insolvencies increased by 25.1% in February

Latest monthly figures from the Insolvency Service for England & Wales have indicated that personal insolvency figures increased by 25.1% in February 2024 to a total of 10,136 compared to January’s total of 8,103 and increased by 23% compared to February 2023’s figure of 8,239. Personal insolvencies increased by 3% from when compared to February 2022’s…

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Rise in people needing debt relief as cost of living continues to bite 

The Insolvency Service has published its latest monthly Insolvency Statistics, showing personal insolvencies were up by 23% compared to February 2023 at 10,136. The rise was driven by a 44% increase in Debt Relief Orders (DRO) applications compared to February 2023. In the Spring Budget, the Chancellor announced an end to fees for DRO’s from…

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Personal insolvencies increase by 22%

Latest monthly figures from the Insolvency Service for England & Wales have indicated that personal insolvency figures increased by 22.8% in January 2024 to a total of 8,089 compared to December 2023’s total of 6,585, and increased by 4.3% compared to January 2023’s figure of 7,756. There were 8,089 insolvencies in January 2024, 4% higher…

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Annual personal insolvencies figures fall 13%

Annual figures from the Insolvency Service for England & Wales have indicated that personal insolvency figures fell by 13% The number of personal insolvencies registered in 2023 was 103,454, lower than the 118,766 in 2022. The number of personal insolvencies was the lowest annual number since 2017. However 2023 saw the lowest annual number of…

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