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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:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
