Industry News

2008 Q1 Insolvency figures released
Thu 8th May 08 - 15:20

The first quarterly figures from the Insolvency Service were release on 2nd May 2008. They show that 25,264 individual insolvencies in England and Wales in the first quarter. This is a 1.7% increase on the previous quarter and a decrease of 13.2% on the same period a year ago.

These figures have come under fire from practitioners who say that the figures published do not take into account failed IVA’s and the amount of new Debt Management Plans.