Bankruptcy Stastitics

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DebtDummy

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Post by DebtDummy » Thu Apr 26, 2007 1:02 pm
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This was taken from :http://www.insolvency.gov.uk Thought it may be of intrest.
STATISTICS RELEASE: INSOLVENCIES IN THE FOURTH QUARTER 2006

Statistics showing insolvencies in the fourth quarter 2006 are published today (2 February 2007) 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.




All I have left is my humour. :)
Last edited by DebtDummy on Thu Apr 26, 2007 1:19 pm, edited 1 time in total.
All I have left is my humour. :)

View my blog http://www.debtdummybankruwoman.blogs.iva.co.uk.
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Oliver

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Post by Oliver » Thu Apr 26, 2007 1:30 pm
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Thanks for posting those DebtDummy.

Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp
Best Regards
Oliver
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DebtDummy

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Post by DebtDummy » Thu Apr 26, 2007 1:34 pm
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You're welcome, Oliver.

All I have left is my humour. :)
All I have left is my humour. :)

View my blog http://www.debtdummybankruwoman.blogs.iva.co.uk.
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Skippy

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Post by Skippy » Thu Apr 26, 2007 2:27 pm
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I suppose people like me screw up the statistics - I went into an IVA in the last quarter of 2006, and bankrupt in the first quarter of 2007!

The one thing I really hate is the fact that I am 'a bankrupt'. I know it sounds silly and there are far bigger things to worry about, but I hate being pigeon-holed! In the (amended) words of the Prisoner, 'I am not a number, I am a debt free woman!'

Yesterday is history, tomorrow is a mystery, today is the present - a gift to make the most of.

View my blog at http://skippy13.blogs.iva.co.uk/
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freelili

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Post by freelili » Thu Apr 26, 2007 2:45 pm
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Skippy Hold your head up high.

If people are branded because they have a lack of money and it often feels that way, what a sad world this is.

Your qualities as a person are whats important and youre right up there. You are a person undergoing an involvency proceedure.

LILY

fly me beyond the distant star, I will wish on tonight to see you smile just once more to know youre there.
LILY

http://freelili.blogs.iva.co.uk

I asked God for an answer, I have to live with his reply.
Exsisto an angelus quod planto quispiam sentio melior.
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Skippy

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Post by Skippy » Thu Apr 26, 2007 2:49 pm
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Thanks Lily! I know it's a silly thing but it just bugs me.

My friend had her OR interview today and as she doesn't work they are taking her car (worth £400 max) and possibly a bracelet that she bought before she went BR. She's not worried about the bracelet, but a bit put out about the car. It just scares me that there are so many people out here who are now going BR. What really annoyed me was that yesterday someone called me jammy for going BR as my debts have been written off, almost like it was an easy decision.

Yesterday is history, tomorrow is a mystery, today is the present - a gift to make the most of.

View my blog at http://skippy13.blogs.iva.co.uk/
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DebtDummy

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Post by DebtDummy » Thu Apr 26, 2007 3:17 pm
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skippy 13 unfortunately that can be the reaction of people who didn't have to do a bankruptcy. Nevermind we are paying back what we can by way of an IPA;and many lose their homes and cars in the process. ALL, they can think is that we paid nothing!

If they think it's such an easy decision, let them seriously contemplate it. They would soon form a different opinion.

Also, on a lighter note, I coined a new term as I too do not care for the word 'bankrupt'. It's on the sister site though(smile).

All I have left is my humour. :)
All I have left is my humour. :)

View my blog http://www.debtdummybankruwoman.blogs.iva.co.uk.
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Skippy

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Post by Skippy » Thu Apr 26, 2007 3:27 pm
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I've just seen it DD - I like it!

Yesterday is history, tomorrow is a mystery, today is the present - a gift to make the most of.

View my blog at http://skippy13.blogs.iva.co.uk/
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DebtDummy

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Post by DebtDummy » Thu Apr 26, 2007 3:31 pm
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Oh good! Now, how do I convince Parliament my fellow bankruwoman?Ha!

All I have left is my humour. :)
Last edited by DebtDummy on Thu Apr 26, 2007 3:33 pm, edited 1 time in total.
All I have left is my humour. :)

View my blog http://www.debtdummybankruwoman.blogs.iva.co.uk.
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Skippy

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Post by Skippy » Thu Apr 26, 2007 3:33 pm
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Start a petition - I'll sign!

Yesterday is history, tomorrow is a mystery, today is the present - a gift to make the most of.

View my blog at http://skippy13.blogs.iva.co.uk/
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DebtDummy

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Post by DebtDummy » Thu Apr 26, 2007 3:35 pm
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Wow! Skippy, you answer in lightening speed(smile). Do you hear a 'ping'when someone replys to the post?

All I have left is my humour. :)
All I have left is my humour. :)

View my blog http://www.debtdummybankruwoman.blogs.iva.co.uk.
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Skippy

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Post by Skippy » Thu Apr 26, 2007 3:41 pm
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I'm trying to look busy at work at the moment but failing miserably! Reading the forum is so much more interesting than entering orders for microchips!

Yesterday is history, tomorrow is a mystery, today is the present - a gift to make the most of.

View my blog at http://skippy13.blogs.iva.co.uk/
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DebtDummy

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Post by DebtDummy » Thu Apr 26, 2007 3:47 pm
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hahaahaha! I see.

All I have left is my humour. :)
All I have left is my humour. :)

View my blog http://www.debtdummybankruwoman.blogs.iva.co.uk.
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