The number of individuals entering a personal insolvency procedure has dropped to 26,390 its lowest quarterly level since Q3 2020. Figures from the Insolvency Service, reveal that 1,826 people entered bankruptcy, 7,106 entered a debt relief order and 17,458 entered an individual voluntary arrangement in Q2 2023. IVA numbers were down 12% compared with the…
We are excited to share the inaugural edition of R+I In Brief, where we explore the past year of developments in the Australian restructuring and insolvency industry and provide our thoughts on the year ahead. The 2023 edition of R+I In Brief includes a collection of articles and case notes we have prepared as well…
Part 1 of the 2023 edition of R+I In Brief explores restructuring and insolvency developments in Australia in FY22/23. Overview Despite the challenges flowing from increasing global inflation and supply chain disruptions, the Australian economy has to date remained resilient and a technical recession has been avoided in 2023. However, after many years of historically…
The Insolvency Service Published 28 July 2023 Contents 1. Main messages for England and Wales 2. Things you need to know about this release 3. Company insolvency in England and Wales 4. Company insolvency in Scotland 5. Company insolvency in Northern Ireland 6. Data and Methodology 7. Glossary Print this page Crown copyright 2023 This…
The Insolvency Service Published 28 July 2023 Contents 1. Data Sources and data validation 2. Methodology 3. Revisions 4. Quality Print this page Crown copyright 2023 This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. To view this licence, visit nationalarchives.gov.uk/doc/open-government-licence/version/3 or write to the Information Policy…
The Insolvency Service Published 28 July 2023 Crown copyright 2023 This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. To view this licence, visit nationalarchives.gov.uk/doc/open-government-licence/version/3 or write to the Information Policy Team, The National Archives, Kew, London TW9 4DU, or email: [email protected]. Where we have identified any…
The number of firms collapsing into insolvency rose to the highest level since 2009 in England and Wales over the past quarter, fresh Government figures show. Some 6,342 company insolvencies were recorded over the three months to June, an increase of 13 per cent against the same period last year, according to the Insolvency Service. …
The Insolvency Service said the total was predominantly creditors voluntary liquidations, where owners choose to dissolve their businesses (PA) (PA Archive) Insolvencies in England and Wales soared further in the second quarter of the year, reaching the highest level since 2009. In total, 6,342 companies were declared insolvent. That was up 9% from Q1, which…
The number of firms falling into insolvency in England and Wales surged to the highest level for 14 years in the past quarter, according to Government figures. Insolvency Service data revealed that there were 6,342 company insolvencies over the three months to June 2023. It was a 13% increase against the same period last year…
The Insolvency Service said the total was predominantly creditors voluntary liquidations, where owners choose to dissolve their businesses (PA) (PA Archive) Insolvencies in England and Wales soared further in the second quarter of the year, reaching the highest level since 2009. In total, 6,342 companies were declared insolvent. That was up 9% from Q1, which…