Statistics

Recent insolvency statistics

Insolvency procedures

November 2024

Chart image showing the Insolvency procedures, including bankruptcy, No Asset Procedures, Debt Repayment Orders, and Liquidations.

Bankruptcies No Asset Procedures (NAP) Debt Repayment Orders (DRO) Liquidations
57 34 12 54

Personal insolvency comparisons

Year ended 30 June 2024

Personal insolvency comparisons 2016/17 to 2023/24

The Insolvency Act 2006 was implemented on 3 December 2007. As from this date the Official Assignee began administering No Asset Procedures (NAP) and Debt Repayment Orders (DRO).

Procedure 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24
Bankruptcy 1,863 1,486 1,319 1,101 782 525 526 628
No Asset Procedure 1,349 1,464 1,218 1,121 894 519 476 413
Debt Repayment Order 304 362 353 349 307 197 132 138
Totals 3,516 3,312 2,890 2,571 1,983 1,241 1,134 1,179

Liquidation figures

Year ended 30 June 2024

Liquidation figures 2016/17 to 2023/24

2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24
120 117 86 58 69 97 251 381