Number Of People Going Bankrupt England Wales 2008 Third Quarter

	Do you live in Scotland? As Scotland has its own legal system, distinct from that of England and Wales, laws relating to bankruptcy are different too. In Scotland, personal bankruptcy is known as sequestration.

Would you like to talk to a trained debt counsellor about alternatives to bankruptcy? more More news Bailiffs to get more powers but not much needed regulation Citizens Advice warns Citizens Advice Bureau reports sharp rise in debt problems Record number of people going bust - and it's set to get worse More than a million householders use credit card borrowing to pay their mortgage or rent Number of CCJs issued hits ten year high Number of Scots going bankrupt hits record high	Almost 20,000 individuals declared bankrupt in last quarter of 2008 Almost 20,000 people were declared bankrupt in England and Wales during the fourth quarter of 2008 - an increase of 22.2% compared to the same period in 2007. There were 19,100 individuals made bankrupt during October, November and December of last year according to The Insolvency Service. A further 10,344 people entered into Individual Voluntary Arrangements (IVAs), bringing the total of individual insolvencies in England and Wales in the fourth quarter of 2008 to and 29,444. The number of business being declared bankrupt rocketed during the same period. There were 4,607 compulsory liquidations and creditors' voluntary liquidations in total in England and Wales in the fourth quarter of 2008 - up 51.6% on the same period a year ago. February 6th 2009

Would you like to talk to a trained debt counsellor about alternatives to bankruptcy? more

More news

Bailiffs to get more powers but not much needed regulation Citizens Advice warns

Citizens Advice Bureau reports sharp rise in debt problems

Record number of people going bust - and it's set to get worse

More than a million householders use credit card borrowing to pay their mortgage or rent

Number of CCJs issued hits ten year high

Number of Scots going bankrupt hits record high

Almost 20,000 individuals declared bankrupt in last quarter of 2008

Almost 20,000 people were declared bankrupt in England and Wales during the fourth quarter of 2008 - an increase of 22.2% compared to the same period in 2007.

There were 19,100 individuals made bankrupt during October, November and December of last year according to The Insolvency Service. A further 10,344 people entered into Individual Voluntary Arrangements (IVAs), bringing the total of individual insolvencies in England and Wales in the fourth quarter of 2008 to and 29,444.

The number of business being declared bankrupt rocketed during the same period. There were 4,607 compulsory liquidations and creditors' voluntary liquidations in total in England and Wales in the fourth quarter of 2008 - up 51.6% on the same period a year ago.

February 6th 2009

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