Official Statistics
Individual Insolvency Statistics, May 2024
Monthly individual insolvency statistics for England and Wales, as well as Northern Ireland, and quarterly statistics for Scotland. For England and Wales, Breathing Space scheme statistics are also included.
Documents
MS Excel Spreadsheet, 239 KB
This file may not be suitable for users of assistive technology.
Request an accessible format
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email
publications@insolvency.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.
ODS, 213 KB
This file is in an OpenDocument format
This file may not be suitable for users of assistive technology.
Request an accessible format
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email
publications@insolvency.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.
CSV, 3.63 KB
View online
This file may not be suitable for users of assistive technology.
Request an accessible format
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email
publications@insolvency.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.
CSV, 42.7 KB
View online
This file may not be suitable for users of assistive technology.
Request an accessible format
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email
publications@insolvency.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.
Details
Main Messages for England and Wales
-
After seasonal adjustment, 9,266 individuals entered insolvency in
England & Wales in May 2024. This was 4% lower than in April 2024 and 3%
higher than in May 2023.
-
The individual insolvencies consisted of 604 bankruptcies, 3,716 debt
relief orders (DROs) and 4,946 individual voluntary arrangements (IVAs).
The number of IVAs registered in May was lower than the numbers seen
over the past 12 months. The number of DROs in May 2024 increased
compared to April 2024, which had already set a record high in the
monthly time series going back to their introduction in 2009. The higher
DRO numbers in April and May 2024 coincided with the removal of the £90
administration
fee
to obtain a DRO from 6 April 2024. Bankruptcy numbers remained at about
half of pre-2020 levels, lower than in the past 12 months and slightly
lower than in May 2023.
-
In the 12 months ending 31 May 2024, one in 463 adults in England &
Wales entered insolvency (a rate of 21.6 per 10,000 adults). This is
lower than the rate of 23.9 per 10,000 adults (1 in 418) who entered
insolvency in the 12 months ending 31 May 2023.
-
There were 7,652 Breathing Space registrations in May 2024. This is
14% higher than in May 2023.
Updates to this page
Published 18 June 2024