Welcome, Guest
Username Password: Remember me
Forgot your password? Forgot your username? Create an account
Bankruptcy.org.uk
General Topics
General Questions

Insolvency Statistics For 2nd Quarter 2012
(1 viewing) (1) Guest
Welcome to the Kunena forum!

Tell us and our members who you are, what you like and why you became a member of this site.
We welcome all new members and hope to see you around a lot!
Reply Topic
New Topic
  • Page:
  • 1

TOPIC: Insolvency Statistics For 2nd Quarter 2012

Insolvency Statistics For 2nd Quarter 2012 05 Oct 2012 07:09 #1303


  • Posts:610
  • Jon
  • Administrator
  • OFFLINE
Insolvency Statistics Second Quarter 2012

The insolvency service has reported that for the second quarter of 2012 there were 27,390 individual insolvencies in England and Wales.

This is a decrease of 10.2% from the same time period of last year, 2011.

These insolvencies were made up of 8,088 bankruptcies, 7,956 Debt Relief Orders, and 11,346 IVA’s.

These figures represent a decrease of 27.1% in the number of bankruptcies, an increase of 9.6% in DRO’s, and a decrease of 6.6% in IVA’s over the same time period in 2011.

Debt Relief Orders are now comparable to bankruptcies for the first time since they were introduced in April 2009. It shows the need for such a form of insolvency.

Bankruptcies have been lower in numbers that IVA’s for the past five (5) quarters.

So on the whole, insolvencies presently are down over where they were last year.
Reply Quote
Reply Topic
New Topic
  • Page:
  • 1
Bankruptcy.org.uk
General Topics
General Questions
Powered by Kunena :: tecnologia
Time to create page: 0.23 seconds

Insolvency calculator

Find out the best debt solution for you with our simple calculator:

Total Debt:

£

No of creditors:

 

Monthly income:

£

Monthly expenses:

£

Own home?

Yes No

Powered By ChronoForms - ChronoEngine.com

Recent Activity

wall
Jon created a new topic Changes In Scottish Bankruptcy in the forums.
21 hours ago
wall
Jon created a new topic Bankruptcy Restriction Orders in the forums.
6 days ago
wall
Jon created a new topic Bankruptcy, Insolvency, and Being a Director in the forums.
11 days ago
wall
Jon created a new topic Seeking Debt Advice in the forums.
14 days ago

Our Services

If you have a serious debt problem, bankruptcy can free you from your debts within 12 months. As a solution for dealing with serious debt, bankruptcy is a last resort. Other debt solutions need to be explored first, to help determine if bankruptcy is the right debt solution for you.

 

Your financial affairs are put into the hands of an Official Receiver or Trustee, who will control all your assets - and if you own a property, this will also be included. These will be sold and the money used to pay as much as possible to your creditors.

 

There are consequences to bankruptcy which will affect your finances and work life. You may struggle to borrow money, for example, and will not be able to apply for certain jobs.

 

For some, bankruptcy is the right option and will put an end to pressure from creditors. Our team of experts are on hand to advise on the best solution to your debt problems - call now on 0800 002 9951.

 

Latest Posts

More Topics »

Browse Categories