UK Insolvencies Way Up, Again
Recent figures provided by the Department of Trade and Industry (DTI) show how markedly insolvencies have risen over the past 12 months.
In the second quarter of 2004 there were 11,255 insolvencies, of which 8,8779 were bankruptcies and 2,240 were Individual Voluntary Arrangements (IVAs).
In the second quarter of 2005 there were 15,394 insolvencies, of which 11,195 were bankruptcies and 4,199 were IVAs. This is an increase of 36.8% in overall insolvencies, 27.5% increase in bankruptcies and a 69.6% increase in IVAs. The number of insolvencies per quarter has risen every quarter since Q2 2003. All figures are seasonally adjusted.
Is there an end in sight, probably not? This is why Myvesta UK is so dedicated to helping people find good solutions to problem debts.
In the second quarter of 2004 there were 11,255 insolvencies, of which 8,8779 were bankruptcies and 2,240 were Individual Voluntary Arrangements (IVAs).
In the second quarter of 2005 there were 15,394 insolvencies, of which 11,195 were bankruptcies and 4,199 were IVAs. This is an increase of 36.8% in overall insolvencies, 27.5% increase in bankruptcies and a 69.6% increase in IVAs. The number of insolvencies per quarter has risen every quarter since Q2 2003. All figures are seasonally adjusted.
Is there an end in sight, probably not? This is why Myvesta UK is so dedicated to helping people find good solutions to problem debts.
posted by Your Friends @ Myvesta.org.uk at
8/30/2005 08:11:00 pm
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