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August 2, 2013 0

Creditors’ Voluntary Liquidations (CVLs) and Individual Voluntary Arrangements (IVAs) are on the increase – according to the latest official Insolvency statistics published today for the 2nd quarter of 2013.

They show:

Company Insolvencies

  • Creditors’ Voluntary Liquidations (CVLs) – up 17% on the previous quarter
  • Compulsory Liquidations – down 7% on the previous quarter

Individual Insolvencies

  • Individual Voluntary Arrangements (IVAs) – up 7% on the corresponding quarter of 2012
  • Bankruptcies – down 20% on the corresponding quarter of 2012
  • Debt Relief Orders – down 10% on the corresponding quarter of 2012

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