Individual voluntary arrangements drive rise in personal insolvencies
The Insolvency Service has released its latest figures for Q4 2018 and reports that underlying company insolvencies decreased compared with the previous quarter but were higher than the same period in 2017. In the twelve months ending Q4 2018, one in 242 companies entered liquidation (excluding bulk insolvencies). Total individual insolvencies rose to the highest level since Q2 2010, driven by a rise in individual voluntary arrangements. In the twelve months ending Q4 2018, one in 401 adults became insolvent.
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