Individual Insolvency Statistics: October to December 2020

The Insolvency Service recently released national statistics showing a total of 111,424 individual insolvencies in 2020, a decrease of 9% compared to 2019.

The report also shows the decrease being driven by a 25% reduction of both bankruptcies and DROs – see all of the latest Insolvency Service statistics here:  https://www.gov.uk/government/statistics/individual-insolvency-statistics-october-to-december-2020