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04/05/2007
Insolvencies hit new record
The latest statistics have revealed that there were 30,075 individual insolvencies in England and Wales in the first quarter of 2007 on a seasonally adjusted basis.
An increase of 1.2% on the previous quarter and an increase of 23.9% on the same period a year ago, this represents a new record.
This was made up of 16,842 bankruptcies, a decrease of 1.3% on the previous quarter and an increase of 10% on the corresponding quarter of the previous year, and 13,233 Individual Voluntary Arrangements (IVAs), an increase of 4.7% on the previous quarter and an increase of 47.6% on the corresponding quarter of the previous year.
In Scotland there were 3,471 individual insolvencies a 11% increase. Northern Ireland recorded 343 IVAs which represented an almost 16% decrease.
(SP/JM)
An increase of 1.2% on the previous quarter and an increase of 23.9% on the same period a year ago, this represents a new record.
This was made up of 16,842 bankruptcies, a decrease of 1.3% on the previous quarter and an increase of 10% on the corresponding quarter of the previous year, and 13,233 Individual Voluntary Arrangements (IVAs), an increase of 4.7% on the previous quarter and an increase of 47.6% on the corresponding quarter of the previous year.
In Scotland there were 3,471 individual insolvencies a 11% increase. Northern Ireland recorded 343 IVAs which represented an almost 16% decrease.
(SP/JM)
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Northern Ireland WeatherToday:A rather cloudy morning, with a little patchy light rain or drizzle to start. Skies clearing and becoming dry and increasingly sunny in the afternoon. Maximum temperature 13 °C.Tonight:Dry with prolonged clear spells through the evening and overnight. This will allow for some fog patches to develop in places overnight. Minimum temperature 2 °C.
