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Individual insolvencies in England and Wales since 1960 to present date.
The highest number of IVAs was recorded in 2017.
There has been a continuous fall in the number of bankruptcy orders from 2009 (74,670) to just 15,000 in 2015-2017. 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?
30 October 2018, which will cover the third quarter of 2018.
| 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 | - |
| Year | Total | Bankruptcy orders | IVAs | DROs |
| 2009 | 134,142 | 74,670 | 47,641 | 11,831 |
| 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 | 80,404 | 15,845 | 40,384 | 24,175 |
| 2016 | 90,657 | 15,044 | 49,417 | 26,196 |
| 2017 | 99,196 | 15,052 | 59,220 | 24,894 |
| 2018** | 80,847 | 12,369 | 48,016 | 20,462 |
|
* For the first time in 2013 there were more DROs than bankruptcies. ** Figures for quarters one, two and three of 2018. DebtWizard prediction for 2018 - 110,000 combined insolvencies (16,000 bankruptcies, debt relief orders 26,000 and 68,000 IVAs). |
Source for content above www.insolvency.gov.uk
Consumers continue to pile on credit card debt
29th November 2018
