National statistics
Individual Insolvency Statistics: April to June 2023
Statistics on new individual insolvencies in England and Wales, and related statistics for Scotland and Northern Ireland
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Following a consultation in May and June 2023, the Insolvency Service will merge the monthly and quarterly insolvency statistics, with the first release in this new format in either January or April 2024.
- After seasonal adjustment, the number of individual insolvencies in April to June (Q2) 2023 was 8% lower than in Q1 2023. Numbers of debt relief orders (DROs) and bankruptcies were higher, but individual voluntary arrangements (IVAs) were lower. The total number of individual insolvencies was 11% lower than in Q2 2022.
- One in 422 adults (at a rate of 23.7 per 10,000 adults) entered insolvency between 1 July 2022 and 30 June 2023. This is an increase from the 24.6 per 10,000 adults who entered insolvency in the 12 months ending 30 June 2022.
- During Q2 2023, there were 26,390 (seasonally adjusted) individual insolvencies, as shown in Figure 1, comprised of 17,458 IVAs, 7,106 DROs and 1,826 bankruptcies.
- There were 21,232 Breathing Space registrations in Q2 2023. This is 26% higher than in Q2 2022. Of the 21,232 Breathing Space registrations, 20,919 were Standard Breathing Space registrations and 313 were Mental Health Breathing Space registrations.
Published 28 July 2023
Last updated 15 August 2023 + show all updates
Last updated 15 August 2023 + show all updates
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The annual numbers for individual insolvencies in Northern Ireland in 2022 have been corrected. The revised total for 2022 is 1,741, instead of the originally published total of 1,748 and the numbers of bankruptcies, DROs and IVAs have also been corrected. The quarterly numbers remain unchanged.
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First published.