Call 03339 870 180
(Mon to Thu 9.00am - 8.00pm, Friday 9.00am - 6.00pm)
Simple debt advice - with no up-front costs
Friday, 1st May 2009
Individual insolvencies in England and Wales since 1960 to present date.
The highest number of IVAs was recorded in 2014.
There has been a continuous fall in the number of bankruptcy orders from 2009 (74,670) to just (14,989) in 2016 as more DROs are recorded. In 2009 the cost to petition for bankruptcy was £495, from 21 July 2016 this has increased to £680.
Insolvencies are made up of bankruptcies, debt relief orders (DROs) and individual voluntary arrangements, (IVAs).
When are the next Insolvency Figures released?
28 April 2017, which will cover the first quarter of 2017.
| Year | Total | Bankruptcy Order |
Individual Voluntary Arrangements |
Debt Relief Orders |
| 1960 | 3,220 | 2,944 | - | - |
| 1961 | 3,941 | 3,642 | - | - |
| 1962 | 4,602 | 4,273 | - | - |
| 1963 | 4,370 | 4,129 | - | - |
| 1964 | 3,766 | 3,552 | - | - |
| 1965 | 3,762 | 3,556 | - | - |
| 1966 | 4,062 | 3,862 | - | - |
| 1967 | 4,386 | 4,224 | - | - |
| 1968 | 4,298 | 4,150 | - | - |
| 1969 | 4,772 | 4,552 | - | - |
| 1970 | 5,087 | 4,907 | - | - |
| 1971 | 4,793 | 4,643 | - | - |
| 1972 | 4,337 | 4,244 | - | - |
| 1973 | 4,917 | 3,817 | - | - |
| 1974 | 5,718 | 5,608 | - | - |
| 1975 | 7,271 | 7,143 | - | - |
| 1976 | 7,207 | 7,108 | - | - |
| 1977 | 4,485 | 4,403 | - | - |
| 1978 | 3,902 | 3,826 | - | - |
| 1979 | 3,500 | 3,456 | - | - |
| 1980 | 4,038 | 3,986 | - | - |
| 1981 | 5,151 | 5,075 | - | - |
| 1982 | 5,700 | 5,654 | - | - |
| 1983 | 7,032 | 6,981 | - | - |
| 1984 | 8,229 | 8,178 | - | - |
| 1985 | 6,776 | 6,728 | - | - |
| 1986 | 7,155 | 7,093 | - | - |
| 1987 | 7,427 | 6,994 | 404 | - |
| 1988 | 8,507 | 7,717 | 779 | - |
| 1989 | 9,365 | 8,138 | 1,224 | - |
| 1990 | 13,987 | 12,058 | 1,927 | - |
| 1991 | 25,640 | 22,632 | 3,002 | - |
| 1992 | 36,794 | 32,106 | 4,686 | - |
| 1993 | 36,703 | 31,016 | 5,679 | - |
| 1994 | 30,739 | 25,634 | 5,103 | - |
| 1995 | 26,319 | 21,933 | 4,384 | - |
| 1996 | 26,271 | 21,803 | 4,466 | - |
| 1997 | 24,441 | 19,892 | 4,545 | - |
| 1998 | 24,549 | 19,647 | 4,901 | - |
| 1999 | 28,806 | 21,611 | 7,195 | - |
| 1999 | 28,806 | 21,611 | 7,195 | - |
| 2000 | 29,528 | 21,550 | 7,978 | - |
| 2001 | 29,775 | 23,477 | 6,298 | - |
| 2002 | 30,587 | 24,292 | 6,295 | - |
| 2003 | 35,604 | 28,021 | 7,583 | - |
| 2004 | 46,650 | 35,898 | 10,751 | - |
| 2005 | 67,584 | 47,291 | 20,293 | - |
| 2006 | 107,288 | 62,956 | 44,332 | - |
| 2007 | 106,647 | 64,481 | 42,166 | - |
| 2008 | 106,544 | 67,428 | 39,115 | - |
| 2009 | 134,142 | 74,670 | 47,641 | 11,831 |
| Year | Total | Bankruptcy orders | IVAs | Dros |
| 2010 | 135,089 | 59,194 | 50,716 | 25,179 |
| 2011 | 119,943 | 41,876 | 49,058 | 29,009 |
| 2012 | 109,640 | 31,787 | 46,674 | 31,179 |
| 2013 | 100,998 | 24,571 | 48,881 | 27,546* |
| 2014 | 99,223 | 20,345 | 52,190 | 26,688 |
| 2015 | 79,996 | 15,828 | 39,993 | 24,175 |
| 2016** | 90,930 | 14,989 | 49,745 | 26,196 |
|
* For the first time in 2013 there were more DROs than bankruptcies. ** Figures for the whole year 2016 DebtWizard prediction for 2017 - 95,000 combined insolvencies (14,000 bankruptcies, debt relief orders 28,000 and 53,000 IVAs). |
DROs - Debt Relief Orders. The Debt Relief Order is a new individual insolvency procedure which came into force on 6 April 2009 and which provides an alternative route into personal insolvency for certain categories of over-indebted individuals, subject to some restrictions.
Source for content above www.insolvency.gov.uk
FCA considers banning overdraft fees
31st July 2017
Consumer bankruptcies up 10% compared to same time last year
28th July 2017