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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