Credit, Collections & Insolvency News
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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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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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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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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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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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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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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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 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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Latest quarterly figures from the Insolvency Service for England & Wales have indicated that personal insolvency numbers increased by 3%. In Quarter 4 (Q4) 2023 there were 24,910 personal insolvencies, 3% higher in the previous quarter, but 15% lower than during the same quarter in the previous year. The number of debt relief orders (DROs)…
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Latest quarterly statistics from Accountant in Bankruptcy (AiB) have indicated that Scottish business insolvencies remained stable with only one insolvency more than the equivalent quarter of 2022. In Quarter 4 (Q4) 2023, there were 314 total business insolvencies in Scotland. The insolvencies comprised 105 compulsory liquidations, 196 CVLs, 12 administrations and one CVA. There were no…
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Latest monthly figures from the Insolvency Service for England & Wales have indicated that personal insolvency figures were 20% lower than in the same month in the previous year. There were 6,584 insolvencies in December 2023, compared to i8,254 in December 2022). The lower number of individual insolvencies compared to December 2022. The personal insolvencies…
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Latest monthly statistics from the Insolvency Service have shown that business insolvencies increased whilst personal insolvencies fell in Northern Ireland in December 2023. The data showed that there were 25 business insolvencies registered in Northern Ireland, this was 67% higher than December 2022. The insolvencies comprised of 17 CVLs, six compulsory liquidations, one CVA and…
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