IVA Statistic

Number of Insolvencies in England and Wales
		2005 Q4	2006 Q1r	2006 Q2r	2006 Q3r	2006 Q4p
Company Liquidations		3,198	3,452	3,252	3,239	3,194
of which:	Compulsary	1,287	1,441	1,221	1,345	1,411
	Creditors Voluntary	1,911	2,011	2,031	1,894	1,783
Individuals		20,679	23,531	26,125	27,828	29,804
of which:	Bankruptcies	13,675	15,321	15,002	15,569	17,063
	IVA's	7,004	8,209	11,122	12,259	12,741

Statistics showing insolvencies in the second quarter 2006 are published today (4 August) by the Insolvency Service.

COMPANY LIQUIDATIONS

There were 3,194 liquidations in England and Wales in the fourth quarter of 2006 on a seasonally adjusted basis. This was a decrease of 1.4% on the previous quarter and a decrease of 0.1% on the same period a year ago.

This was made up of 1,411 compulsory liquidations, an increase of 4.9% on the previous quarter and an increase of 9.7% on the corresponding quarter of the previous year, and 1,783 creditors voluntary liquidations, a decrease of 5.9% on the previous quarter and a decrease of 6.7% on the corresponding quarter of the previous year.

0.6% of active companies went into liquidation in the twelve months ended Q4 2006, a decrease from 0.7% in the previous quarter and the corresponding quarter of 2005.

INDIVIDUAL INSOLVENCIES

There were 29,804 individual insolvencies in England and Wales in the fourth quarter of 2006 on a seasonally adjusted basis. This was an increase of 7.1% on the previous quarter and an increase of 44.1% on the same period a year ago.

This was made up of 17,063 bankruptcies, an increase of 9.6% on the previous quarter and an increase of 24.8% on the corresponding quarter of the previous year, and 12,741 Individual Voluntary Arrangements (IVAs), an increase of 3.9% on the previous quarter and an increase of 81.9% on the corresponding quarter of the previous year.