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 Q3 2019
- Total individual insolvencies increased slightly in Q3 2019.
- This was mainly driven by an increase in individual voluntary arrangements.
- Individual insolvencies remain elevated due to increased volumes of individual voluntary arrangements. The last 4 quarters have been the highest since Q4 2010.
- Bankruptcies fell both in comparison to the previous quarter and the same quarter last year.