National statistics
Individual Insolvency Statistics: April to June 2022
Statistics on new individual insolvencies in England and Wales, and related statistics for Scotland and Northern Ireland
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- After seasonal adjustment, the number of individual insolvencies in April to June (Q2) 2022 was 10% lower than in Q1 2022. Numbers of individual voluntary arrangements (IVAs), debt relief orders (DROs) and bankruptcies were all lower. However, total individual insolvencies were 7% higher than in Q2 2021.
- One in 409 adults (at a rate of 24.4 per 10,000 adults) entered insolvency between 1 July 2021 and 30 June 2022. This is an increase from the 22.6 per 10,000 adults who entered insolvency in the 12 months ending 30 June 2021.
- During Q2 2022, there were 28,946 (seasonally adjusted) individual insolvencies, as shown in Figure 1, comprised of 21,578 IVAs, 5,772 DROs and 1,596 bankruptcies.
- Between the launch of the Breathing Space scheme on 4 May 2021, and 30 June 2022, there were 75,385 registrations, comprised of 74,177 Standard breathing space registrations and 1,208 Mental Health breathing space registrations.
Published 2 August 2022