This statistics release contains the latest data on individual insolvency (people who are unable to pay debts and enter formal procedures).
Statistics are presented separately for England and Wales, Scotland, and Northern Ireland because of differences in legislation and policy.
Insolvencies in Q2 2019
- Total individual insolvencies decreased in Q2 2019 for the second consecutive quarter, following an 8 year high in Q4 2018.
- This was driven by falls in individual voluntary arrangements and debt relief orders.
- Despite this decrease, individual insolvencies remain high - the last 3 quarters have been the highest since Q4 2010.
- This is the highest level of bankruptcies since Q4 2014 but they remain low in comparison to 2009 to 2014 levels.