Individual Insolvency Statistics: April to June 2021
Statistics on new individual insolvencies in England and Wales, and related statistics for Scotland and Northern Ireland
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- One in 443 adults (at a rate of 22.6 per 10,000 adults) entered insolvency between 1 July 2020 and 30 June 2021. This is a decrease from the 25.8 per 10,000 adults who entered insolvency in the 12 months ending 30 June 2020.
- During Q2 2021, there were 27,662 (seasonally adjusted) individual insolvencies, as shown in Figure 1, comprised of 20,910 individual voluntary arrangements (IVAs), 4,367 debt relief orders (DROs) and 2,385 bankruptcies.
- After seasonal adjustment, the number of individual insolvencies was 4% lower than in Q1 2021, with numbers of IVAs and bankruptcies slightly lower while DRO numbers were slightly higher. Total insolvencies were 14% lower than in Q2 2020.
- Between the launch of the Breathing Space scheme on 4 May 2021, and 30 June 2021, there were 11,747 registrations, comprised of 11,636 Standard breathing space registrations and 111 Mental Health breathing space registrations.
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Published 30 July 2021