Credit, Collections & Insolvency News
Latest monthly figures from the Insolvency Service for England & Wales have indicated that personal insolvency figures increased by 7.9% in April 2025 to a total of 10,012 compared to March 2025’s total of 9,282, and increased by 4.4% compared to April 2024’s total of 9,586. The personal insolvencies consisted of 589 bankruptcies, 3,837 debt…
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Latest monthly figures from the Insolvency Service for England & Wales have indicated that there were 9,205 personal insolvencies in England and Wales during March 2025, which was 7% lower than in February 2025 but 2% higher than in March 2024. The personal insolvencies consisted of 613 bankruptcies, 3,490 debt relief orders (DROs) and 5,102…
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Latest annual data analysis by the Accountant in Bankruptcy has shown that there were 7,412 personal insolvencies in Scotland in the year 2024-2025. This was a decrease of 8.3% from 2023-2024’s figure of 8,082, and a decrease of 7.4% on 2022-2023’s figure of 8,001. Quarterly figures (Q4, 2024-25) showed that there were 1,673 personal insolvencies…
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Latest monthly figures from the Insolvency Service for England & Wales have indicated that personal insolvency figures increased decreased by 4.1% in February 2025 to 10,147 when compared to January 2025’s total of 9,752, and decreased by 5% when compared to February 2024’s figure of 10,684. The personal insolvency figures consisted of 600 bankruptcies, 3,865…
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Latest monthly figures from the Insolvency Service for England & Wales have indicated that personal insolvency figures decreased by 3.4% in January 2025 to a total of 9,706 when compared to December 2024’s total of 10,045, and increased by 11.6% compared to January 2024’s figure of 8,698. Personal insolvencies consisted of 592 bankruptcies, 3,847 debt…
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Annual figures from the Insolvency Service for England & Wales have indicated that personal insolvency figures increased by 14% in 2024 to a total of 117,947 when compared to 2023’s total of 103,434. The number of DROs in 2024 was the highest annual number on record. This followed the removal of the £90 administration fee to obtain a DRO from 6…
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Latest monthly figures from the Insolvency Service for England & Wales have indicated that personal insolvency figures increased by 12.2% in November 2024 to a total of 10,012 compared to October’s total of 8,924, and increased by 25.5% compared to November 2023’s figure of 7,978. The personal insolvencies consisted of 589 bankruptcies, 3,693 debt relief orders…
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Latest monthly figures from the Insolvency Service for England & Wales have indicated that personal insolvency figures fell in October with 8,952 individuals entering into insolvency, this was 14% lower than in September 2024. The personal insolvencies consisted of 596 bankruptcies, 3,793 debt relief orders (DROs) and 4,563 individual voluntary arrangements (IVAs). Monthly DRO numbers between…
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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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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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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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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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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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