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Total Insolvencies, Insolvencies Filed by Consumers, Insolvencies Filed by Businesses, Insolvencies by NAICS Economic Sectors, Canada, Insolvencies Filed by Consumers by ER, Insolvencies Filed by Businesses by ER, Insolvencies Filed by Consumers by Census Metropolitan Area (CMA), Insolvencies Filed by Businesses by Census Metropolitan Area (CMA). [Office of the Superintendent of Bankruptcy Canada]
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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
After seasonal adjustment, the number of registered company insolvencies in England and Wales was 2,035 in February 2025, 3% higher than in January 2025 (1,978) but 7% lower than the same month in the previous year (2,188 in February 2024). Company insolvencies over the past year have been slightly lower than in 2023, which saw a 30-year high annual number, but have remained high relative to historical levels.
Company insolvencies in February 2025 consisted of 393 compulsory liquidations, 1,520 creditors’ voluntary liquidations (CVLs), 115 administrations and 7 company voluntary arrangements (CVAs). There were no receivership appointments. Compulsory liquidations were higher than in January 2025, while CVLs, administrations and CVAs were lower. The (seasonally adjusted) number of compulsory liquidations in February 2025 was the highest monthly number since September 2014.
One in 191 companies on the Companies House effective register (at a rate of 52.4 per 10,000 companies) entered insolvency between 1 March 2024 and 28 February 2025. This was a decrease from the 57.6 per 10,000 companies that entered insolvency in the 12 months ending 29 February 2024. Insolvency rates are calculated on a 12-month rolling basis as a proportion of the total number of companies on the effective register. The 12-month rolling rates show longer term trends and reduce the volatility associated with estimates based on single months.
While the insolvency rate has increased since the lows seen in 2020 and 2021, it remains much lower than the peak of 113.1 per 10,000 companies seen during the 2008-09 recession. This is because the number of companies on the effective register has more than doubled over this period.
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Canada Insolvency Statistics: Bankruptcy data was reported at 2,569.000 Unit in Feb 2025. This records an increase from the previous number of 2,545.000 Unit for Jan 2025. Canada Insolvency Statistics: Bankruptcy data is updated monthly, averaging 4,895.000 Unit from Jan 2011 (Median) to Feb 2025, with 170 observations. The data reached an all-time high of 8,074.000 Unit in Mar 2011 and a record low of 1,946.000 Unit in Jan 2022. Canada Insolvency Statistics: Bankruptcy data remains active status in CEIC and is reported by Office of the Superintendent of Bankruptcy. The data is categorized under Global Database’s Canada – Table CA.O007: Insolvency Statistics. [COVID-19-IMPACT]
This publication relates to individual insolvency only. Statistics relating to company insolvency can be found on the "https://www.gov.uk/government/collections/company-insolvency-statistics-releases" class="govuk-link">company insolvency releases page. These new monthly publications contain some additional information that was previously only released quarterly, such as seasonally adjusted numbers and rates of insolvency per 10,000 companies. This is in accordance with the plans announced following a "https://www.gov.uk/government/consultations/consultation-on-changes-to-insolvency-service-official-statistics" class="govuk-link">user consultation. Archived monthly publications can be found here.
After seasonal adjustment, 8,708 individuals entered insolvency in England & Wales in March 2024. This was 19% lower than in February 2024 and 9% lower than in March 2023.
The individual insolvencies consisted of 681 bankruptcies, 2,628 debt relief orders (DROs) and 5,399 individual voluntary arrangements (IVAs). The number of IVAs registered in March was similar to numbers seen over the past 12 months. DRO numbers were slightly lower than the record high monthly numbers seen in the second half of 2023, but remained high compared to historical levels. The number of bankruptcies was similar to the past nine months and slightly higher than in March 2023. However, bankruptcy numbers remained at about half of pre-2020 levels.
In the 12 months ending 31 March 2024, one in 470 adults in England & Wales entered insolvency (a rate of 21.3 per 10,000 adults). This is lower than the individual insolvency rate of 24.3 per 10,000 adults (1 in 412) who entered insolvency in the 12 months ending 31 March 2023.
There were 7,710 Breathing Space registrations in March 2024. This is 7% lower than in March 2023.
Historical monthly insolvencies by receiverships
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Insolvency Statistics: Proposal data was reported at 8,790.000 Unit in Feb 2025. This records a decrease from the previous number of 9,075.000 Unit for Jan 2025. Insolvency Statistics: Proposal data is updated monthly, averaging 5,302.500 Unit from Jan 2011 (Median) to Feb 2025, with 170 observations. The data reached an all-time high of 10,162.000 Unit in Oct 2024 and a record low of 3,141.000 Unit in Dec 2012. Insolvency Statistics: Proposal data remains active status in CEIC and is reported by Office of the Superintendent of Bankruptcy. The data is categorized under Global Database’s Canada – Table CA.O007: Insolvency Statistics. [COVID-19-IMPACT]
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Canada Insolvency Statistics: Bankruptcy: Business: Individual data was reported at 44.000 Unit in Feb 2025. This records a decrease from the previous number of 51.000 Unit for Jan 2025. Canada Insolvency Statistics: Bankruptcy: Business: Individual data is updated monthly, averaging 49.000 Unit from Jan 2018 (Median) to Feb 2025, with 86 observations. The data reached an all-time high of 79.000 Unit in Mar 2019 and a record low of 17.000 Unit in Jul 2021. Canada Insolvency Statistics: Bankruptcy: Business: Individual data remains active status in CEIC and is reported by Office of the Superintendent of Bankruptcy. The data is categorized under Global Database’s Canada – Table CA.O009: Insolvency Statistics: Business. [COVID-19-IMPACT]
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Canada Insolvency Statistics data was reported at 11,359.000 Unit in Feb 2025. This records a decrease from the previous number of 11,620.000 Unit for Jan 2025. Canada Insolvency Statistics data is updated monthly, averaging 10,422.000 Unit from Jan 2011 (Median) to Feb 2025, with 170 observations. The data reached an all-time high of 13,512.000 Unit in Oct 2019 and a record low of 6,304.000 Unit in May 2020. Canada Insolvency Statistics data remains active status in CEIC and is reported by Office of the Superintendent of Bankruptcy. The data is categorized under Global Database’s Canada – Table CA.O007: Insolvency Statistics. [COVID-19-IMPACT]
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Insolvency Statistics: Consumers data was reported at 10,903.000 Unit in Feb 2025. This records a decrease from the previous number of 11,196.000 Unit for Jan 2025. Insolvency Statistics: Consumers data is updated monthly, averaging 10,128.000 Unit from Jan 2011 (Median) to Feb 2025, with 170 observations. The data reached an all-time high of 13,200.000 Unit in Oct 2019 and a record low of 6,111.000 Unit in May 2020. Insolvency Statistics: Consumers data remains active status in CEIC and is reported by Office of the Superintendent of Bankruptcy. The data is categorized under Global Database’s Canada – Table CA.O008: Insolvency Statistics: Consumers. [COVID-19-IMPACT]
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Insolvency Statistics: Proposal: Consumers data was reported at 8,673.000 Unit in Feb 2025. This records a decrease from the previous number of 8,975.000 Unit for Jan 2025. Insolvency Statistics: Proposal: Consumers data is updated monthly, averaging 5,253.500 Unit from Jan 2011 (Median) to Feb 2025, with 170 observations. The data reached an all-time high of 10,025.000 Unit in Oct 2024 and a record low of 3,075.000 Unit in Dec 2012. Insolvency Statistics: Proposal: Consumers data remains active status in CEIC and is reported by Office of the Superintendent of Bankruptcy. The data is categorized under Global Database’s Canada – Table CA.O008: Insolvency Statistics: Consumers. [COVID-19-IMPACT]
The number of registered company insolvencies in January 2023 was 1,671:
In January 2023 there were 1,382 Creditors’ Voluntary Liquidations (CVLs), 2% higher than in January 2022 and 37% higher than January 2020. Numbers of administrations and Company Voluntary Arrangements (CVAs) remained lower than before the pandemic but were higher than in January 2022.
There were 189 compulsory liquidations, which is 52% more than in January 2022, but 36% lower than in January 2020. Numbers of compulsory liquidations have increased from historical lows seen during the coronavirus (COVID-19) pandemic, partly as a result of an increase in winding-up petitions presented by HMRC.
For individuals, 612 bankruptcies were registered, which was 5% higher than in January 2022, but 60% lower than January 2020.
There were 1,741 Debt Relief Orders (DROs) in January 2023, which was 7% lower than January 2022 and 21% lower than the pre-pandemic comparison month (January 2020).
There were, on average, 6,328 Individual Voluntary Arrangements (IVAs) registered per month in the three-month period ending January 2023, which is 1% higher than the three-month period ending January 2022, and 6% higher than the three-month period ending January 2020.
Some IVAs registered on 30th and 31st January had not been input into the Insolvency Service administration systems at the time of data extraction for this publication. The number of registered IVAs for January 2023 is therefore likely to be an undercount. Any IVAs not yet counted will be included in next month’s publication.
The numbers provided in this publication are not seasonally adjusted and changes between consecutive months may not indicate overall trends. Therefore, in this publication we compare to the same calendar month in previous year(s). Seasonally adjusted figures that more accurately measure trends over time are available in the quarterly individual and company Insolvency Statistics.
In 2024, France is expected to record the highest number of business insolvencies of any country included, with over 60,000 businesses becoming insolvent during the year. The United Kingdom, the country predicted to have the second highest number of insolvencies in 2024, is estimated to have around 31,000 insolvencies. The United States followed in third with 24,230. On the other hand, Greece is expected to have only 38 insolvencies in 2024.
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Historical monthly insolvencies by NAICS
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Insolvency Statistics: 12-Mth Period Ending: Proposal: Consumers data was reported at 108,038.000 Unit in Feb 2025. This records a decrease from the previous number of 108,635.000 Unit for Jan 2025. Insolvency Statistics: 12-Mth Period Ending: Proposal: Consumers data is updated monthly, averaging 62,656.000 Unit from Jan 2011 (Median) to Feb 2025, with 170 observations. The data reached an all-time high of 108,635.000 Unit in Jan 2025 and a record low of 42,636.000 Unit in Jan 2011. Insolvency Statistics: 12-Mth Period Ending: Proposal: Consumers data remains active status in CEIC and is reported by Office of the Superintendent of Bankruptcy. The data is categorized under Global Database’s Canada – Table CA.O008: Insolvency Statistics: Consumers. [COVID-19-IMPACT]
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Germany Insolvency (IN): Number of Proceedings (NP) data was reported at 9,516.000 Unit in Feb 2025. This records an increase from the previous number of 9,438.000 Unit for Jan 2025. Germany Insolvency (IN): Number of Proceedings (NP) data is updated monthly, averaging 10,376.500 Unit from Jan 2003 (Median) to Feb 2025, with 266 observations. The data reached an all-time high of 16,192.000 Unit in Mar 2010 and a record low of 2,470.000 Unit in Sep 2020. Germany Insolvency (IN): Number of Proceedings (NP) data remains active status in CEIC and is reported by Statistisches Bundesamt. The data is categorized under Global Database’s Germany – Table DE.O: Insolvency Statistics. [COVID-19-IMPACT]
Following the rising global inflation, business insolvencies are forecast to increase in all world regions in 2023, increasing by almost 50 percent in North America. Following a sharp increase with the 2008-09 financial crash, the number of business insolvencies in North America declined each year from 2010 to 2019. Perhaps somewhat surprisingly, except for Eastern and Central Europe and Latin America, the number of insolvencies fell in all regions in 2020, despite the COVID-19 pandemic.
The number of registered company insolvencies in May 2023 was 2,552, 40% higher than in the same month in the previous year (1,825 in May 2022). This was higher than levels seen while the Government support measures were in place in response to the coronavirus (COVID-19) pandemic and also higher than pre-pandemic numbers.
There were 189 compulsory liquidations in May 2023, 34% higher than in May 2022. Numbers of compulsory liquidations have increased from historical lows seen during the coronavirus pandemic, partly as a result of an increase in winding-up petitions presented by HMRC.
In May 2023 there were 2,181 Creditors’ Voluntary Liquidations (CVLs), 38% higher than in May 2022. Numbers of administrations and Company Voluntary Arrangements (CVAs) were higher than in May 2022.
For individuals, 617 bankruptcies were registered, which was 5% higher than in May 2022, and around half of pre-2020 levels.
There were 2,505 Debt Relief Orders (DROs) in May 2023, which was 23% higher than May 2022. Monthly DRO numbers may be volatile at present due to the introduction of new https://moneyandpensionsservice.org.uk/2022/11/24/money-and-pensions-service-signs-contracts-for-national-and-business-debt-advice-services-and-the-administration-of-debt-relief-orders-in-england/" class="govuk-link">DRO hubs.
There were, on average, 6,767 Individual Voluntary Arrangements (IVAs) registered per month in the three-month period ending May 2023, which is 14% lower than the three-month period ending May 2022.
The numbers provided in this publication are not seasonally adjusted and changes between consecutive months may not indicate overall trends. Therefore, in this publication we compare to the same calendar month in the previous year. Seasonally adjusted figures that more accurately measure trends over time are available in the "https://www.gov.uk/government/collections/insolvency-service-official-statistics" class="govuk-link">quarterly insolvency statistics.
Due to a temporary data reporting system issue, data from one working day of April 2022 is missing and numbers are therefore likely to be revised upwards in next month’s release. This includes data for all individual insolvencies in England and Wales, as well as compulsory liquidations in England and Wales.
The number of registered company insolvencies in April 2022 was 1,991:
In April 2022 there were 1,777 Creditors’ Voluntary Liquidations (CVLs), more than double the number in April 2021 and 74% higher than April 2019. Numbers for other types of company insolvencies, such as compulsory liquidations, remained lower than before the pandemic, although there were three times as many compulsory liquidations in April 2022 compared to April 2021, and the number of administrations was 51% higher than a year ago.
For individuals, 530 bankruptcies were registered, which was 36% lower than in April 2021 and 64% lower than April 2019.
There were 1,708 Debt Relief Orders (DROs) in April 2022, which was 20% higher than in April 2021 and 29% lower than the pre-pandemic comparison month (April 2019). This increase is linked to "https://www.gov.uk/government/news/new-measures-to-help-vulnerable-people-in-problem-debt" class="govuk-link">changes to the eligibility criteria on 29 June 2021 including an increase in the level of debt at which people can apply for a DRO from £20,000 to £30,000.
There were, on average, 7,516 IVAs registered per month in the three-month period ending April 2022, which is 10% higher than the three-month period ending April 2021, and 22% higher than the three-month period ending April 2019. IVA numbers have ranged from around 6,300 to 7,500 per month over the past year.
Between the launch of the Breathing Space scheme on 4 May 2021, and 30 April 2022, there were 63,856 registrations, comprised of 62,843 Standard breathing space registrations and 1,013 Mental Health breathing space registrations.
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Canada Insolvency Statistics: 12-Mth Period Ending data was reported at 142,698.000 Unit in Feb 2025. This records a decrease from the previous number of 143,556.000 Unit for Jan 2025. Canada Insolvency Statistics: 12-Mth Period Ending data is updated monthly, averaging 125,761.500 Unit from Jan 2011 (Median) to Feb 2025, with 170 observations. The data reached an all-time high of 143,556.000 Unit in Jan 2025 and a record low of 89,561.000 Unit in Mar 2021. Canada Insolvency Statistics: 12-Mth Period Ending data remains active status in CEIC and is reported by Office of the Superintendent of Bankruptcy. The data is categorized under Global Database’s Canada – Table CA.O007: Insolvency Statistics. [COVID-19-IMPACT]
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Total Insolvencies, Insolvencies Filed by Consumers, Insolvencies Filed by Businesses, Insolvencies by NAICS Economic Sectors, Canada, Insolvencies Filed by Consumers by ER, Insolvencies Filed by Businesses by ER, Insolvencies Filed by Consumers by Census Metropolitan Area (CMA), Insolvencies Filed by Businesses by Census Metropolitan Area (CMA). [Office of the Superintendent of Bankruptcy Canada]