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Mr. McMahon
asked the Minister for Trade how many bankruptcies and insolvencies, respectively, there were in Scotland for each of the last three years up to April
Dr. Vaughan
The figures are:
Year ending April 30 | Sequestrations* | Company Liquidationst† |
1980 | 129 | 267 |
1981 | 148 | 397 |
1982 | 207 | 462 |
* Sequestrations apply to all individuals and partnerships and are roughly equivalent in Scottish law to bankruptcies in England and Wales. | ||
†Compulsory and creditors' voluntary liquidations—the two types which involve insolvency. |