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Insolvency Figures Since 1960

Page last updated Friday, 06 August 2010

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.

Next date for the release of insolvency figures is Friday 5th February 2010 at 9.30am which will cover the fourth quarter of 2009.

 

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 -
2009 134,142 74,670 47,641 11,831
2010* 70,425 33,238 25,248 11,939
- - - -

 

*

Numbers as at the second quarter of 2010 released 6 August 2010 by Insolvency Service

DebtWizard prediction for 2010 - 145,000 insolvencies (90,000 combined bankruptcies and debt relief orders and 55,000 IVAs)

DROs - Debt Relief Orders. The Debt Relief Order is a new individual insolvency procedure which came into force on 6 April 2009 and which provides an alternative route into personal insolvency for certain categories of over-indebted individuals, subject to some restrictions.

Source for content above www.insolvency.gov.uk

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