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Insolvency Figures Since 1960

Friday, 1st May 2009

086-infoIndividual 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 bankruptciesdebt relief orders (DROs) and individual voluntary arrangements, (IVAs).

When are the next Insolvency Figures released?

26 January 2018, which will cover the final 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
2017**  73,465 11,322 43,603 18,539
 

* For the first time in 2013 there were more DROs than bankruptcies.

** Figures include third quarter of 2017

DebtWizard prediction for 2017 - 95,000 combined insolvencies (14,000 bankruptcies, debt relief orders 28,000 and 53,000 IVAs).

Debt Relief Orders (DROs) – a form of debt relief available to those who have a low income, low assets and less than £20,000 of debt (£15,000 before October 2015). There is no distribution to creditors, and discharge from debts takes place 12 months after the DRO is granted. DROs were introduced in April 2009.

Source for content above www.insolvency.gov.uk

 

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