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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 showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
