After seasonal adjustment, 8,952 individuals entered insolvency in England and Wales in October 2024. This was 14% lower than in September 2024, but similar to October 2023.

The individual insolvencies consisted of 596 bankruptcies, 3,793 debt relief orders (DROs) and 4,563 individual voluntary arrangements (IVAs). Monthly DRO numbers between April and October 2024 were at record highs. This followed the removal of the £90 administration fee to obtain a DRO from 6 April 2024. The number of IVAs registered in October was lower than the average monthly number seen over the past 12 months. Bankruptcy numbers remained at about half of pre-2020 levels and were also lower than in October 2023.

In the 12 months ending 31 October 2024, one in 427 adults in England and Wales entered insolvency (at a rate of 23.4 per 10,000 adults). This is higher than the rate of 22.3 per 10,000 adults (one in 448) who entered insolvency in the 12 months ending 31 October 2023.

There were 7,099 Breathing Space registrations in October 2024. This is 7% lower than in October 2023.

After seasonal adjustment, 10,147 individuals entered insolvency in England and Wales in February 2025. This was 4% higher than in January 2025 and 5% lower than in February 2024.

The individual insolvencies consisted of 600 bankruptcies, 3,865 debt relief orders (DROs) and 5,682 individual voluntary arrangements (IVAs). The number of DROs in February 2025 was similar to January 2025. DRO numbers have been at record-high monthly levels since the abolition of the upfront £90 fee in April 2024. The number of IVAs registered in February 2025 was similar to the average monthly number seen in 2024. Bankruptcy numbers remained at about half of pre-2020 levels and were also 10% lower than in February 2024.

In the 12 months ending 28 February 2025, one in 417 adults in England and Wales entered insolvency (at a rate of 24.0 per 10,000 adults). This is higher than the rate of 21.9 per 10,000 adults (one in 457) who entered insolvency in the 12 months ending 29 February 2024.

There were 7,889 Breathing Space registrations in February 2025. This is similar to February 2024.

After seasonal adjustment, 9,706 individuals entered insolvency in England and Wales in January 2025. This was 3% lower than in December 2024 and 12% higher than in January 2024.

The individual insolvencies consisted of 592 bankruptcies, 3,847 debt relief orders (DROs) and 5,267 individual voluntary arrangements (IVAs). The number of DROs in January 2025 was 10% higher than in December 2024. DRO numbers have been at record-high monthly levels since the abolition of the upfront £90 fee in April 2024. The number of IVAs registered in January 2025 was 6% lower than the average monthly number seen in 2024. Bankruptcy numbers remained at about half of pre-2020 levels and were also lower than in January 2024.

In the 12 months ending 31 January 2025, one in 413 adults in England and Wales entered insolvency (at a rate of 24.2 per 10,000 adults). This is higher than the rate of 21.5 per 10,000 adults (one in 465) who entered insolvency in the 12 months ending 31 January 2024.

There were 8,240 Breathing Space registrations in January 2025. This is 1% lower than in January 2024.

After seasonal adjustment, 10,012 individuals entered insolvency in England and Wales in November 2024. This was 12% higher than in October 2024 and 25% higher than in November 2023.

The individual insolvencies consisted of 589 bankruptcies, 3,693 debt relief orders (DROs) and 5,730 individual voluntary arrangements (IVAs). Monthly DRO numbers between April and November 2024 were at record highs. This followed the removal of the £90 administration fee to obtain a DRO from 6 April 2024. The number of IVAs registered in November was similar to the average monthly number seen over the past 12 months. Bankruptcy numbers remained at about half of pre-2020 levels and were also lower than in November 2023.

In the 12 months ending 30 November 2024, one in 422 adults in England and Wales entered insolvency (at a rate of 23.7 per 10,000 adults). This is higher than the rate of 21.8 per 10,000 adults (one in 459) who entered insolvency in the 12 months ending 30 November 2023.

There were 7,626 Breathing Space registrations in November 2024. This is 2% higher than in November 2023.