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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:It will be cloudy again throughout the day. Mainly dry in the morning, but patchy drizzle in places, becoming more widespread and persistent in the afternoon. Freshening southwesterly winds. Maximum temperature 12 °C.Tonight:Cloudy with a spell of heavy rain pushing south through late evening and the early hours, followed by some clear spells. Minimum temperature 6 °C.
