Credit, collections & insolvency news
Latest monthly figures from the Insolvency Service for England & Wales have indicated that personal insolvency numbers increased by 35.7% in October 2023 to a total of 9,881 compared to September’s total of 7,280, and decreased by 6.1% compared to October 2022’s figure of 10,528. Personal insolvencies increased by 2.1% from October 2021’s total of…
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Latest monthly statistics from the Insolvency Service have indicated that business insolvencies significantly increased whilst personal insolvencies figures fell. In October 2023 there were 27 business insolvencies registered in Northern Ireland, 80% higher than October 2022. The business insolvencies comprised of 12 CVLs, 14 compulsory liquidations and one administration. There were no CVAs or receivership appointments. There…
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More than eight in ten (85%) personal insolvency experts expect to see a rise in personal insolvency numbers in 2024, according to new research from R3, the UK’s insolvency and restructuring trade body. When asked about the scale of the increase, 58% of respondents expect personal insolvency levels to rise moderately in 2024 compared to…
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Latest quarterly figures from the Insolvency Service for England & Wales have indicated that personal insolvency numbers fell 6%. There were 24,418 individual insolvencies registered in Q3 2023, 6% lower than the number of individual insolvencies registered in the previous quarter, and 15% lower than during the same quarter in the previous year. The number…
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Latest quarterly statistics from the Insolvency Service have indicated that Northern Irish business insolvencies increased by 24% The figures in Quarter 3 (Q3) July to September 2023 showed 62 company insolvencies in Northern Ireland in Q3 2023, an increase of 24% from the same quarter of 2022. The business insolvencies comprised 30 compulsory liquidations, 23…
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Latest figures from Accountant in Bankruptcy (AiB) have indicated that personal insolvency numbers in Scotland saw no real change in Quarter 2 (Q2) compared to a year ago but fell by 40.2% compared to pre-pandemic levels in 2019. Overall, personal insolvency numbers (bankruptcies and protected trust deeds) in Scotland for Q2 saw no real change,…
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Latest monthly statistics from the Insolvency Service have indicated that Northern Irish business insolvencies have risen. In September 2023 there were 37 business insolvencies registered in Northern Ireland, 68% higher than September 2022. The business insolvencies comprised of nine CVLs, 25 compulsory liquidations, one administration and two CVAs. There were no receivership appointments. In September 2023…
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Latest monthly figures from the Insolvency Service for England & Wales have indicated that personal insolvency numbers fell 27% in September 2023 when compared to August last year. The total number of insolvencies in September 2023 was 7,271, 27% lower than in the same month in the previous year (10,024 in September 2022). Personal insolvencies…
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Latest monthly figures from the Insolvency Service for England & Wales have indicated that personal insolvency numbers fell 11% in August 2023 when compared to August last year. The personal insolvency figures totalled 8,536 compared to the same month in the previous year (9,584 in August 2022). Personal insolvency figures consisted of 648 bankruptcies, 2,714…
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Latest monthly statistics from the Insolvency Service have indicated that Northern Irish personal insolvencies have risen whilst business insolvency figures fell. In August 2023 there were 139 personal insolvencies in Northern Ireland, which was 11% higher than in August 2022. The insolvencies consisted of 108 IVAs, 14 DROs and 17 bankruptcies. Business insolvencies registered in…
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Latest quarterly figures from the Insolvency Service for England & Wales have indicated that personal insolvency numbers increased slightly by 1.7% in July 2023 when compared to June. The personal insolvencies figures totalled 8,268 compared to June’s total of 8,131, and decreased by 10.1% compared to July 2022’s figure of 9,202. Personal insolvencies decreased by…
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Latest quarterly figures from the Insolvency Service for England & Wales have indicated that personal insolvency has dropped to 11%. its lowest quarterly level since Quarter 3 (Q3) 2020, heavily fuelled by a reduction in IVA registrations in the quarter. The figures showed that there were 26,390 individuals entering either bankruptcy (1,826) a debt relief order…
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Lates figures from Accountant in Bankruptcy (AiB) have indicated that personal insolvency numbers in Scotland rose by nearly 2.9%, to a total of 2,098. The personal insolvency numbers in Scotland decreased by 40.5% when compared to pre-pandemic levels in 2019. The number of personal insolvencies (bankruptcies and protected trust deeds) in Scotland for Q1 2023-2024…
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