The latest insolvency figures were released today by the Department of Trade
and Industry, showing that insolvencies topped 100,000 in 2006 – an increase of
59% over the previous year’s 67,584.
The latest figures show:
- The total number of IVAs for 2006 (Q1 – Q4) is 44,331, an increase of 118%
over the previous full year (2005, Q1 – Q4), 20,293.
- The latest quarter shows an overall increase in individual insolvencies of
7.1% over the previous quarter and 44.1% on the same quarter last year.
- IVAs, in particular, rose by 3.9% and 81.9% respectively.
- Individual bankruptcies rose by 9.6% and 24.6% respectively.
- For Q4 2006, IVAs represented 43% of total individual insolvencies,
compared with 34% for the same quarter a year ago.
Number of Insolvencies in England and Wales (seasonally adjusted).
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