Individual insolvencies made up of bankruptcy orders and individual voluntary arrangements (IVAs), as counts and rates (per 10,000). Individual insolvencies in 2008 for England and Wales are made up of bankruptcy orders and individual voluntary arrangements (IVAs). Insolvent individuals in England and Wales are dealt with mainly under the Insolvency Act 1986. A bankruptcy order is made on the petition of the debtor or one or more of his creditors when the court is satisfied that there is no prospect of the debt being paid. There are also individual voluntary arrangements (IVAs) and deeds of arrangement, which enable debtors to come to an agreement with their creditors.
Source: Insolvency Service
Publisher: Neighbourhood Statistics
Geographies: Local Authority District (LAD), Government Office Region (GOR), National
Geographic coverage: England and Wales
Time coverage: 2000 to 2008
Type of data: Administrative data
