Individual Insolvency Statistics, October to December 2019
Statistics on new individual insolvencies in England and Wales, and related statistics for Scotland and Northern Ireland.
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Details
This statistics release contains the latest data on individual insolvency (people who are unable to pay debts and enter formal procedures).
Statistics are presented separately for England and Wales, Scotland, and Northern Ireland because of differences in legislation and policy.
Main messages
Individual Insolvencies in 2019
- In 2019, total individual insolvencies increased to their highest annual level since 2010.
- This was largely driven by an increase in individual voluntary agreements which reached their highest year on record.
- Bankruptcies increased slightly compared to 2018 while debt relief orders decreased slightly.
Individual in Q4 2019
- Total individual insolvencies decreased in Q4 2019 compared with Q3 2019.
- This was mainly driven by a decrease in individual voluntary arrangements though levels remain elevated.
- Debt relief orders increased in Q4 2019 in comparison to the previous quarter while bankruptcies decreased slightly.