Heskin 
Manchester 
Heskin Office
Manchester Office

Insolvency Statistics 2015

Companies in 2015

Total annual company insolvencies were at the lowest level since 1989.

The decrease was mainly driven by  a decrease in the compulsory liquidations, which fell to the lowest annual  total since 1981.

People in 2015

Total individual insolvencies were at the lowest annual level since 2005.

This annual decrease was driven by a fall in individual voluntary arrangements, which were at the lowest level since 2008.

There was an increase in debt relief orders in the last quarter of 2015, which resulted from a change to the eligibility criteria.

“Link to full article”

Unregulated Organisations “Ambulance Chasers”
Corporate Insolvency
 

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Saturday, 25 May 2024