Individual Insolvency Statistics: January to March 2022
Statistics on new individual insolvencies in England and Wales, and related statistics for Scotland and Northern Ireland
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- After seasonal adjustment, the number of individual insolvencies in January to March (Q1) 2022 was 17% higher than in Q4 2021. Individual Voluntary Arrangement (IVA) and Debt Relief Order (DRO) numbers were higher, while bankruptcies were lower. Total individual insolvencies were 14% higher than in Q1 2021.
- One in 416 adults (at a rate of 24.1 per 10,000 adults) entered insolvency between 1 April 2021 and 31 March 2022. This is an increase from the 23.5 per 10,000 adults who entered insolvency in the 12 months ending 31 March 2021.
- During Q1 2022, there were 32,305 (seasonally adjusted) individual insolvencies, comprised of 23,997 IVAs, 6,629 DROs and 1,679 bankruptcies.
- Between the launch of the Breathing Space scheme on 4 May 2021, and 31 March 2022, there were 58,463 registrations, comprised of 57,555 Standard breathing space registrations and 908 Mental Health breathing space registrations.
Updates to this page
Published 28 April 2022