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Bankruptcy: Greater London

Volume 473: debated on Monday 17 March 2008

To ask the Secretary of State for Business, Enterprise and Regulatory Reform pursuant to the answer of 3 March 2008, Official Report, columns 2221-2W, on bankruptcy: Greater London, when he expects figures for 2007 to be available on the same basis as earlier years. (194528)

The following records the number of individual bankruptcy orders that have been declared in each London court in 2007. The High Court is the only court located in London with insolvency jurisdiction.

Number of individual bankruptcy orders made in the High Court, 2007

High Court

London OR

2007

5,360

4,030

Notes:

1. 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.

2. 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.

3. 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 2007 reflect the court details recorded on an extract of the database taken in February 2008 and may, therefore, be subject to movements in both directions following the order date as far as High Court figures are concerned.

4. 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 record the office assigned at the time the order was made.