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Saving For a Space Ship

Insolvency Statistics: January To March 2014

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Insolvency Statistics: January to March 2014

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/306090/Q1_2014_press_notice_-_Web.pdf

LIQUIDATIONS

There were 3,721 compulsory liquidations and creditors’ voluntary liquidations in total in
England and Wales in the first quarter of 2014. This includes 1,072 compulsory liquidations in
2014 (non-adjusted)1
and 2,649 creditors’ voluntary liquidations (on a seasonally adjusted
basis). This was an increase of 4.8% on the previous quarter, and 4.9% more than the same
quarter in 2013....

INDIVIDUAL INSOLVENCIES (not seasonally adjusted - see ‘Notes to Editors’ paragraph 11)

There were 24,931 individual insolvencies in England and Wales in the first quarter of 2014.
This was a decrease of 0.3% on the same period in 2013.
This was made up of 5,671 bankruptcies (which were down 15% on the corresponding quarter
of the previous year), 6,549 Debt Relief Orders (DROs) (down 9.3% over the same period)
and 12,711 Individual Voluntary Arrangements (IVAs) (up 14.3% over the same period).
Bankruptcy numbers have been impacted by the introduction of DROs from April 2009,
amongst other factors. The number of DROs has been higher than total bankruptcies for
seven consecutive quarters, while Bankruptcy Orders have been lower than IVAs for the last
12 quarters. IVAs now make up more than half (51%) of all individual insolvencies
Edited by Saving For a Space Ship

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I think the land registry report carried the repo' stat's and I seem to remember there was a large drop year on year there. I suppose adds to supply pressure.

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2000 a week.

I beleive DROs are for the very poor.

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