Accredited official statistics
Individual Insolvency Statistics: July to September 2021
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 Q3 2021 was 2% lower than in Q2 2021, with numbers of IVAs and bankruptcies lower, while DRO numbers were 31% higher following changes to DRO eligibility on 29 June 2021. Total individual insolvencies were 33% higher than in Q3 2020.
- One in 416 adults (at a rate of 24.0 per 10,000 adults) entered insolvency between 1 October 2020 and 30 September 2021. This is an increase from the 23.2 per 10,000 adults who entered insolvency in the 12 months ending 30 September 2020.
- During Q3 2021, there were 26,758 (seasonally adjusted) individual insolvencies, as shown in Figure 1, comprised of 19,085 Individual Voluntary Arrangements (IVAs), 5,735 Debt Relief Orders (DROs) and 1,938 bankruptcies.
- Between the launch of the Breathing Space scheme on 4 May 2021, and 30 September 2021, there were 27,246 registrations, comprised of 26,896 Standard breathing space registrations and 350 Mental Health breathing space registrations.
Updates to this page
Published 29 October 2021