Insolvency Figures since 1960
This page was last updated on: 06/02/2008
Hot News Link (05/02/08 - Insolvency Figures 2007)
Read why Debt Wizard feels the recently released insolvency figures for 2007 do not give an accurate account of those in financial difficulty:DebtWizard's comments on Insolvency Figures 2007.
Individual insolvencies in England and Wales since 1960 to present date.
Note the huge increase in IVA's between 2004 and 2005 and again the following year, 2006.
| Year | Total | Bankruptcy Order | Individual Voluntary Arrangements |
| 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* |
| Source for content above www.insolvency.gov.uk | |||
| 2008** | 127,000** | 79,000** | 48,000** |
| * | Does include Q4 results which were released 1st Feb 2008. |
| ** | DebtWizard prediction for 2008 |