Summary

Description

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