Bankruptcy - Number Going Bankrupt 3rd Quarter 2007

More news Those who help family or friends with debt often face financial problems doing so 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	Personal bankruptcy figures down 5% year on year There were 26,072 individual insolvencies in England and Wales in the third quarter of 2007 on a seasonally adjusted basis according to the Insolvency Service. This was a decrease of 3.0% on the second quarter of 2007 and a decrease of 5.0% on the same period a year ago - the first such year on year fall for five years. There were a total of 15,833 bankruptcies during the three months, July to September 2007, a decrease of 2.1% on the previous quarter, but an increase of 2.2% on the corresponding quarter in 2006. 10,239 Individual Voluntary Arrangements (IVAs) were also made, a decrease of 4.3% on the previous quarter and a decrease of 14.3% on the corresponding quarter of the previous year. November 2nd, 2007

More news

Those who help family or friends with debt often face financial problems doing so

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

Personal bankruptcy figures down 5% year on year

There were 26,072 individual insolvencies in England and Wales in the third quarter of 2007 on a seasonally adjusted basis according to the Insolvency Service.

This was a decrease of 3.0% on the second quarter of 2007 and a decrease of 5.0% on the same period a year ago - the first such year on year fall for five years.

There were a total of 15,833 bankruptcies during the three months, July to September 2007, a decrease of 2.1% on the previous quarter, but an increase of 2.2% on the corresponding quarter in 2006.

10,239 Individual Voluntary Arrangements (IVAs) were also made, a decrease of 4.3% on the previous quarter and a decrease of 14.3% on the corresponding quarter of the previous year.

November 2nd, 2007

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