Jump to content
House Price Crash Forum
Sign in to follow this  
Saving For a Space Ship

Insolvency Statistics: January To March 2014

Recommended Posts

Insolvency Statistics: January to March 2014



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

Share this post

Link to post
Share on other sites

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.

Share this post

Link to post
Share on other sites

2000 a week.

I beleive DROs are for the very poor.

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 406 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.