Bankruptcy

Business, Innovation and Skills written question – answered on 11th June 2014.

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Photo of Hugh Bayley Hugh Bayley NATO Parliamentary Assembly UK Delegation, NATO Parliamentary Assembly (President)

To ask the Secretary of State for Business, Innovation and Skills how many bankruptcies were registered in (a) York, (b) Yorkshire and (c) England in each year since 2005.

Photo of Jennifer Willott Jennifer Willott The Parliamentary Under-Secretary of State for Women and Equalities, Assistant Whip (HM Treasury), The Parliamentary Under-Secretary of State for Business, Innovation and Skills

Figures for the number of bankruptcy orders in York, Yorkshire and Humber, and England in each year since 2005 can be found in the following table. Bankruptcy applies to individuals only; regional breakdowns for the number of company insolvencies are not currently available.

The Insolvency Service compiles its regional bankruptcy order statistics on a calendar year basis, therefore financial year totals are not available. Figures for 2013 will be available on the Insolvency Service website from 10 July 2014, alongside figures for other individual insolvency procedures (individual voluntary arrangements, and debt relief orders).

Table 1: Number of bankruptcy orders in each region of England, 2005-121
Number
  York Yorkshire and Humber England
2005 134 4,272 43,103
2006 214 5,812 57,576
2007 185 5,957 59,245
2008 198 6,660 62,001
2009 236 7,231 68,498
2010 170 5,929 53,064
2011 130 4,317 38,341
2012 84 3,295 29,393
1 Where individual has provided postcode.

It should be noted that these figures do not account for any changes in the base population over time. Using the rate of bankruptcies per 10,000 adults allows for a like-for-like comparison across years.

Headline figures for insolvencies in England and Wales can be found in the quarterly ‘Insolvency Statistics’ release, a National Statistics publication. Figures for January to March 2014 were published on 29 April 2014, and can be found here:

https://www.gov.uk/government/publications/insolvency-statistics-january-to-march-2014

Annual numbers and rates of bankruptcies by region for 2000-12 are available in the ‘Individual Insolvencies by Region’ publication, which can be found at the following link:

https://www.gov.uk/government/publications/insolvency-statistics-individual-insolvencies-by-region

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