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Bankruptcy: Greater London

Volume 472: debated on Tuesday 4 March 2008

To ask the Secretary of State for Business, Enterprise and Regulatory Reform how many personal bankruptcies have been declared in each London court since 2000. (188972)

Table 1 records the number of individual bankruptcy orders that have been declared in each London court from 2000 to 2006. The High Court is the only court located in London with Insolvency Jurisdiction.

Table 1: Number of individual bankruptcy orders made in the High Court, 2000-06

High Court

London OR

2000

1,403

1,285

2001

1,525

1,427

2002

1,638

1,457

2003

2,046

1,933

2004

3,137

3,038

2005

4,127

3,888

2006

4,896

4,410

Notes:

1. Figures for 2007 are not yet available on the same basis as those for earlier years.

2. Cases heard by the High Court are not restricted to those individuals resident or trading in the London area; they may include cases from across the country, most notably, where the petitioner is HMRC.

3. New case figures for the London official receivers region are also given for comparative purposes. These include cases assigned to the public interest unit (PIU). They do not, however, include cases dealt with by Croydon official receiver, although the London region officially has included Croydon OR from 2004-05.

4. After a bankruptcy order has been made, it is possible that the case may subsequently be assigned to a different court, for various reasons. The High Court figures for the entire period 2000 to 2006 reflect the court details recorded on the database mid-2007 and will, therefore, be subject to movements in both directions since the order date as far as High Court figures are concerned.

5. Individuals may also be assigned to a different official receivers office as the case progresses, perhaps because the bankrupt has moved or cases are re-allocated. The London official receivers’ figures shown under table 1 record the office assigned at the time the order was made.