Credit, Collections & Insolvency News
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…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more
Latest quarterly figures from the Insolvency Service for England & Wales have indicated that personal insolvency numbers increased by 29%, when compared ro June 2022 with 643 bankruptcies registered. There were 2,320 Debt Relief Orders (DROs), which was 21% higher than June 2022. There were, on average, 6,026 Individual Voluntary Arrangements (IVAs) registered per month…
Read more
Latest quarterly figures from the Insolvency Service for England & Wales have indicated that personal insolvency numbers increase by 5% in May 2023 when compared with May 2022. The personal insolvency figures also increased by 10.7% in May 2023 to a total of 9,962 compared to April’s total of 9,002, and decreased by 5.1% compared…
Read more
Latest quarterly figures from the Insolvency Service for England & Wales have indicated that personal insolvency numbers decreased by 21.4% in April 2023 to a total of 8,996 compared to March’s total of 11,447, and decreased by 8.1% compared to April 2022’s figure of 9,790. Personal insolvencies also decreased by 8.9% when compared to April…
Read more
Latest monthly statistics from the Insolvency Service have indicated that Northern Irish business insolvencies personal insolvencies have fallen. In April 2023 there were eight company insolvencies registered in Northern Ireland, this was 38% lower than April 2022. The business insolvencies comprised of four CVLs, two compulsory liquidations and two administrations. There were no CVAs or receivership appointments.…
Read more
Latest quarterly figures from the Insolvency Service for England & Wales have indicated that personal insolvency numbers decreased by 2%. The total number of individual insolvencies was 9% lower when compared to figures from Quarter 1 (Q1) 2022. During Q1 2023, there were 29,017 personal insolvencies these comprised of 20,246 Individual Voluntary Arrangements (IVAs), 7,034…
Read more
Latest quarterly statistics from the Insolvency Service have indicated that Northern Irish personal insolvencies and business insolvencies decreased in Quarter 1 (Q1) of 2023. The figures showed that there were 40 business insolvencies in Northern Ireland in Q1 2023, a decrease of 29% from the same quarter of 2021. The insolvencies comprised 28 CVLs, four…
Read more
Latest quarterly figures from the Insolvency Service for England & Wales have indicated that personal insolvency numbers increased by 38.9% in March 2023 to a total of 11,438 compared to February’s total of 8,237, and decreased by 1% compared to March 2022’s figure of 11,554. Personal insolvencies increased by 4.4% when compared to March 2021’s total…
Read more