The Insolvency Service has released the official figures for the second quarter of 2013. Generally the statistics seem promising with liquidations and personal insolvencies down on the same period in 2012.
Compulsory – 961
Creditors Voluntary – 3017
Receivership’s – 192
Administrations – 622
Company Voluntary Arrangements – 160
Bankruptcy Orders - 6469
Debt Relief Orders - 7132
Individual Voluntary Arrangements - 12,116
Full information on the statistics can be found on the Insolvency Service website.
If you or your clients would like advice on a liquidation matter, please call Paul Bailey or Tom Ahmad on 020 8662 6070 for confidential advice.