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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?
27 April 2018, which will cover the first 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 |
|
* For the first time in 2013 there were more DROs than bankruptcies. ** Figures include the whole of 2017 DebtWizard prediction for 2018 - 105,000 combined insolvencies (16,000 bankruptcies, debt relief orders 26,000 and 63,000 IVAs). |
Source for content above www.insolvency.gov.uk
Concern as credit card debt reaches 12 year high
27th March 2018
