The number of registered company insolvencies in July 2022 was 1,827:

• 67% higher than in the same month in the previous year (1,096 in July 2021), and
• 27% higher than the number registered three years previously (pre-pandemic; 1,440 in July 2019).

In July 2022 there were 1,609 Creditors’ Voluntary Liquidations (CVLs), 60% higher than in July 2021 and also 60% higher than July 2019. Numbers for other types of company insolvencies, such as compulsory liquidations, remained lower than before the coronavirus (COVID-19) pandemic, although there were 3 times as many compulsory liquidations in July 2022 as in July 2021, and the number of administrations was twice as high as a year ago.

For individuals, 531 bankruptcies were registered, which was 16% lower than in July 2021 and 64% lower than July 2019.

There were 1,835 Debt Relief Orders (DROs) in July 2022, which was similar to July 2021 but 23% lower than the pre-pandemic comparison month (July 2019).

There were, on average, 7,608 IVAs registered per month in the three-month period ending July 2022, which is 11% higher than the three-month period ending July 2021, and 4% higher than the three-month period ending July 2019. IVA numbers have ranged from around 6,300 to 7,800 per month over the past year.

There were 6,112 Breathing Space registrations in July 2022, which is 10% higher than the number registered in July 2021. 5,994 were Standard breathing space registrations, which is 10% higher than in July 2021, and 118 were Mental Health breathing space registrations, which is 34% higher than the number in July 2021.

The number of registered company insolvencies in August 2022 was 1,933:

• 43% higher than in the same month in the previous year (1,348 in August 2021), and
• 42% higher than the number registered three years previously (pre-pandemic; 1,365 in August 2019).

In August 2022 there were 1,662 Creditors’ Voluntary Liquidations (CVLs), 33% higher than in August 2021 and 73% higher than August 2019. Numbers for other types of company insolvencies, such as compulsory liquidations, remained lower than before the coronavirus (COVID-19) pandemic, although there were almost four times as many compulsory liquidations in August 2022 as in August 2021, and the number of administrations was more than twice as high as a year ago.

For individuals, 565 bankruptcies were registered, which was 10% lower than in August 2021 and 58% lower than August 2019.

There were 1,932 Debt Relief Orders (DROs) in August 2022, which was 12% higher than August 2021 but similar to the pre-pandemic comparison month (August 2019).

There were, on average, 7,340 IVAs registered per month in the three-month period ending August 2022, which is 5% higher than the three-month period ending August 2021, and 8% higher than the three-month period ending August 2019. IVA numbers have ranged from around 6,300 to 7,800 per month over the past year.

There were 6,058 Breathing Space registrations in August 2022, which is 25% higher than the number registered in August 2021. 5,971 were Standard breathing space registrations, which is 25% higher than in August 2021, and 87 were Mental Health breathing space registrations, which is 30% higher than the number in August 2021.

The number of registered company insolvencies in August 2021 was 1,348:

• 71% higher than the number registered in the same month in the previous year (788 in August 2020), and
• similar to the number registered two years previously (pre-pandemic; 1,366 in August 2019).

In August 2021 there were 1,256 Creditors’ Voluntary Liquidations (CVLs), which is the highest level seen in the series since January 2019. The number of registered company insolvencies was similar to pre-pandemic levels, driven by a higher number of CVLs, although other types of company insolvencies, such as compulsory liquidations, remained lower.

For individuals, 614 bankruptcies were registered, which was 22% lower than August 2020 and 54% lower than August 2019.

There were 1,714 DROs registered, which was 29% higher than August 2020 but remained lower than pre-pandemic levels (12% lower than in August 2019). "https://www.gov.uk/government/news/new-measures-to-help-vulnerable-people-in-problem-debt" class="govuk-link">Changes were made to the eligibility criteria on 29 June, 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, 7,021 IVAs registered per month in the three-month period ending August 2021, which is 44% higher than the three-month period ending August 2020 and 4% higher than the three-month period ending August 2019. Note that the IVA series is historically volatile as it is based on date of registration at the Insolvency Service (see the Methodology and data quality section for more information).

Between the launch of the Breathing Space scheme on 4 May 2021, and 31 August 2021, there were 22,151 registrations, comprised of 21,884 Standard breathing space registrations and 267 Mental Health breathing space registrations.

The number of registered company insolvencies in June 2022 was 1,691:

• 40% higher than in the same month in the previous year (1,207 in June 2021), and
• 15% higher than the number registered three years previously (pre-pandemic; 1,467 in June 2019).

In June 2022 there were 1,456 Creditors’ Voluntary Liquidations (CVLs), 30% higher than in June 2021 and 44% higher than June 2019. Numbers for other types of company insolvencies, such as compulsory liquidations, remained lower than before the pandemic, although there were 3.6 times as many compulsory liquidations in June 2022 as in June 2021, and the number of administrations was 2.3 times higher than a year ago.

For individuals, 471 bankruptcies were registered, which was 37% lower than in June 2021 and 64% lower than June 2019.

There were 1,815 Debt Relief Orders (DROs) in June 2022, which was 28% higher than in June 2021 but 14% lower than the pre-pandemic comparison month (June 2019). The increase compared to last year 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. In the 12 months since the change in DRO eligibility criteria, an estimated 8,628 individuals have had a DRO approved who would not have previously been eligible.

There were, on average, 7,575 IVAs registered per month in the three-month period ending June 2022, which is 6% higher than the three-month period ending June 2021, and 17% higher than the three-month period ending June 2019. IVA numbers have ranged from around 6,300 to 7,800 per month over the past year.

There were 5,772 Breathing Space registrations in June 2022, which is 2% higher than the number registered in June 2021. 5,687 were Standard breathing space registrations, which is 2% higher than in June 2021, and 85 were Mental Health breathing space registrations, which is 35% higher than the number in June 2021.

The number of registered company insolvencies in May 2022 was 1,817:

• 79% higher than in the same month in the previous year (1,014 in May 2021), and
• 34% higher than the number registered three years previously (pre-pandemic; 1,352 in May 2019).

In May 2022 there were 1,584 Creditors’ Voluntary Liquidations (CVLs), 70% higher than in May 2021 and 66% higher than May 2019. Numbers for other types of company insolvencies, such as compulsory liquidations, remained lower than before the pandemic, although there were four times as many compulsory liquidations in May 2022 compared to May 2021, and the number of administrations was 95% higher than a year ago.

For individuals, 566 bankruptcies were registered, which was 23% lower than in May 2021 and 61% lower than May 2019.

There were 2,030 Debt Relief Orders (DROs) in May 2022, which was 33% higher than in May 2021 but 11% lower than the pre-pandemic comparison month (May 2019). The increase compared to last year 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. In the 11 months since the change in DRO eligibility criteria, an estimated 7,787 individuals have had a DRO approved who would not have previously been eligible.

There were, on average, 7,812 IVAs registered per month in the three-month period ending May 2022, which is 6% higher than the three-month period ending May 2021, and 10% higher than the three-month period ending May 2019. IVA numbers have ranged from around 6,300 to 7,800 per month over the past year.

There were 5,749 Breathing Space registrations in May 2022, which is 6% lower than the number registered in May 2021. 5,638 were Standard breathing space registrations, which is 7% lower than in May 2021, and 111 were Mental Health breathing space registrations, which is 136% higher than the number in May 2021.

The number of registered company insolvencies in December 2021 was 1,486:

• 20% higher than the number registered in the same month in the previous year (1,237 in December 2020), and
• 33% higher than the number registered two years previously (pre-pandemic; 1,120 in December 2019).

In December 2021 there were 1,365 Creditors’ Voluntary Liquidations (CVLs), which is 37% higher than in December 2020, and 73% higher than in December 2019. Other types of company insolvencies, such as compulsory liquidations, remained lower than before the pandemic.

For individuals, 434 bankruptcies were registered, which was 47% lower than December 2020 and 60% lower than December 2019.

There were 1,872 Debt Relief Orders (DROs) in December 2021. Following "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, DRO numbers were higher between July and December 2021 than in previous months since the start of the COVID-19 pandemic. The number of DROs registered in December 2021 was 51% higher than December 2020 but remained lower than pre-pandemic levels (10% lower than in December 2019).

There were, on average, 6,648 IVAs registered per month in the three-month period ending December 2021, which is 16% lower than the three-month period ending December 2020 but 15% higher than the three-month period ending December 2019.

Note that the IVA series is historically volatile as it is based on date of registration at the Insolvency Service (see the "#methodology" class="govuk-link">Methodology and data quality section for more information).

Between the launch of the Breathing Space scheme on 4 May 2021, and 31 December 2021, there were 41,127 registrations, comprised of 40,503 Standard breathing space registrations and 624 Mental Health breathing space registrations.

The number of registered company insolvencies in September 2022 was 1,679:

• 16% higher than in the same month in the previous year (1,453 in September 2021), and
• 11% higher than the number registered three years previously (pre-pandemic; 1,508 in September 2019).

In September 2022 there were 1,379 Creditors’ Voluntary Liquidations (CVLs), 4% higher than in September 2021 and 25% higher than September 2019. Numbers for other types of company insolvencies, such as compulsory liquidations, remained lower than before the coronavirus (COVID-19) pandemic, although there were over 6 times as many compulsory liquidations in September 2022 compared to September 2021.

For individuals, 535 bankruptcies were registered, which was 15% lower than in September 2021 and 61% lower than September 2019.

There were 1,812 Debt Relief Orders (DROs) in September 2022, which was 16% lower than September 2021 and 26% lower than the pre-pandemic comparison month (September 2019).

There were, on average, 7,188 Individual Voluntary Arrangements (IVAs) registered per month in the three-month period ending September 2022, which is 5% higher than the three-month period ending September 2021, but 4% lower than the three-month period ending September 2019. IVA numbers have ranged from around 6,300 to 7,800 per month over the past year.

There were 6,177 Breathing Space registrations in September 2022, which is 21% higher than the number registered in September 2021. 6,085 were Standard breathing space registrations, which is 21% higher than in September 2021, and 92 were Mental Health breathing space registrations, which is 10% higher than the number in September 2021.

The number of registered company insolvencies in February 2022 was 1,515:

• More than double the number registered in the same month in the previous year (685 in February 2021), and
• 13% higher than the number registered two years previously (pre-pandemic; 1,346 in February 2020).

In February 2022 there were 1,329 Creditors’ Voluntary Liquidations (CVLs), more than double the number in February 2021, and 40% higher than in February 2020. Numbers for other types of company insolvencies, such as compulsory liquidations, remained lower than before the pandemic, although there were more than twice as many compulsory liquidations and almost double the number of administrations in February 2022 compared to February 2021.

For individuals, 588 bankruptcies were registered, which was 36% lower than in February 2021 and 62% lower than February 2020.

There were 2,242 Debt Relief Orders (DROs) in February 2022. Following "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, DRO numbers were higher between July 2021 and February 2022 than in previous months since the start of the COVID-19 pandemic. The number of DROs registered in February 2022 was 61% higher than in February 2021 but remained lower than pre-pandemic levels (6% lower than in February 2020).

There were, on average, 6,384 IVAs registered per month in the three-month period ending February 2022, which is 4% higher than the three-month period ending February 2021, and 15% higher than the three-month period ending February 2020. IVA numbers have remained fairly stable at around 6,000 to 7,000 per month over the past year.

Between the launch of the Breathing Space scheme on 4 May 2021, and 28 February 2022, there were 52,201 registrations, comprised of 51,415 Standard breathing space registrations and 786 Mental Health breathing space registrations.

The number of registered company insolvencies in January 2023 was 1,671:

• 7% higher than in the same month in the previous year (1,567 in January 2022), and
• 11% higher than the number registered three years previously (pre-pandemic; 1,502 in January 2020).

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.