Personal insolvencies increase
Statistics | 19/04/21
The Insolvency Service published the latest insolvency statistics.
The number of registered company insolvencies in March 2021 was 992:
- 20% lower than the number registered in the same month last year (1,236 in March 2020); and
- 37% lower than the number registered two years ago (1,586 in March 2019).
For individual insolvencies, the number of bankruptcies in March 2021 was 1,028, while the number of Debt Relief Orders (DROs) was 1,591. Both were 31% lower than in March 2020 and 34% lower than in March 2019.
There were, on average, 6,388 IVAs registered per month in the three-month period ending March 2021:
- 24% higher than for the three-month period ending March 2020; and
- 2% higher than the three-months ending March 2019.