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Insolvency

Volume 474: debated on Monday 21 April 2008

To ask the Secretary of State for Northern Ireland how many individuals were insolvent in Northern Ireland in each of the last five years. (197274)

Following the restoration of devolution on 8 May 2007, responsibility for insolvency and bankruptcy in Northern Ireland has been a matter for the Department of Enterprise, Trade and Investment in Northern Ireland (DETI). The information is not maintained by DETI in the form requested, but statistics are available on the number of individuals adjudicated bankrupt and the number of individual voluntary arrangements (IVA) that have been made under the insolvency legislation. These are set out in the following table and cover those of the last five financial years that fell during direct rule.

Financial year

Individuals adjudicated bankrupt in Northern Ireland

Number of IVAs registered with DETI

2006-07

1,008

736

2005-06

892

668

2004-05

685

479

2003-04

582

360