The total of 10,941 personal insolvencies for March included 1,591 DROs and 1,028 bankruptcies. The bankruptcies were made up of 937 debtor applications and 91 creditor petitions. The numbers of DROs and bankruptcies in March 2021 were both 31% lower than in March 2020.
There were, on average, 6,388 IVAs registered per month in the three-month period ending March 2021, 24% higher than for the three-month period ending March 2020.
Company insolvencies
Corporate insolvencies increased by 44.8% to 992 in March 2021 compared to Februarys figure of 685, and were 19.7% lower than March 2020s figure of 1,236. Overall, company insolvencies have remained low since the start of the first UK lockdown in March 2020, when compared with pre-pandemi…
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