On This Morning!
Debtwizard Facebook Debtwizard Twitter

Call 03339 870 180  
Monday to Thursday: 9.00am - 8.00pm, Friday 9.00am - 5.30pm

Simple debt advice - with no up-front costs



Insolvency Figures Since 1960

Friday, 1st May 2009

086-infoIndividual 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 bankruptciesdebt relief orders (DROs) and individual voluntary arrangements, (IVAs).

When are the next Insolvency Figures released?

30 October 2018, which will cover the third 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
2018*** 56,682 8,194 35,002 13,486
 

* For the first time in 2013 there were more DROs than bankruptcies.

** Figures include the whole of 2017

*** Figures for quarters one and two of 2018.

DebtWizard prediction for 2018 - 110,000 combined insolvencies (16,000 bankruptcies, debt relief orders 26,000 and 68,000 IVAs).

Source for content above www.insolvency.gov.uk

 

RAPID DEBT HELP FORM

For no nonsense advice just submit the short form and Mike or one of his team will get back to you.


Unsecured debt

--Debt Amount--

Home owner

Yes No

No. of creditors

1

Current payments

£0 - £25

Affordable payments

£0 - £25

Forename

Surname

Email Address

Phone Number

Enquiry/Comment

Yes No Can we leave a voicemail

Yes No Can we contact you via SMS

Yes No Can we contact you via email

Best time to call

Today
ASAP

Please note: If you continue you are agreeing to our privacy policy, available here.