Accredited official statistics
Individual Insolvency Statistics: July to September 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 July to September (Q3) 2022 was 5% lower than in Q2 2022. Numbers of individual voluntary arrangements (IVAs) and debt relief orders (DROs) were lower, but bankruptcies were slightly higher. However, total individual insolvencies were 2% higher than in Q3 2021.
- One in 405 adults (at a rate of 24.7 per 10,000 adults) entered insolvency between 1 October 2021 and 30 September 2022. This is an increase from the 24.0 per 10,000 adults who entered insolvency in the 12 months ending 30 September 2021.
- During Q3 2022, there were 27,927 (seasonally adjusted) individual insolvencies, as shown in Figure 1, comprised of 20,635 IVAs, 5,579 DROs and 1,713 bankruptcies.
- There were 18,347 Breathing Space registrations in Q3 2022. This is 18% higher than in Q3 2021. Of the 18,347 Breathing Space registrations, 18,050 were Standard breathing space registrations and 297 were Mental Health breathing space registrations.
Updates to this page
Published 28 October 2022