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Statistics showing insolvencies in the second quarter 2006 are published today (4 August) by the Insolvency Service. |
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COMPANY LIQUIDATIONS
There were 3,265 liquidations in England and Wales in the second quarter of 2006 on a seasonally adjusted basis. This was a decrease of 4.9% on the previous quarter and a decrease of 3.3% on the same period a year ago.
This was made up of 1,226 compulsory liquidations, a decrease of 13.7% on the previous quarter and a decrease of 7.4% on the corresponding quarter of the previous year, and 2,038 creditors voluntary liquidations, an increase of 1.4% on the previous quarter and a decrease of 0.6% on the corresponding quarter of the previous year.
0.7% of active companies went into liquidation in the twelve months ended Q2 2006, the same as the previous quarter and the same as the corresponding quarter of 2005. |
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INDIVIDUAL INSOLVENCIES
There were 26,021 individual insolvencies in England and Wales in the second quarter of 2006 on a seasonally adjusted basis. This was an increase of 10.0% on the previous quarter and an increase of 66.3% on the same period a year ago.
This was made up of 14,915 bankruptcies, a decrease of 3.3% on the previous quarter and an increase of 32.5% on the corresponding quarter of the previous year, and 11,105 Individual Voluntary Arrangements (IVA’s), an increase of 34.9% on the previous quarter and an increase of 153.2% on the corresponding quarter of the previous year. |
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