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Bankruptcy

Volume 488: debated on Wednesday 25 February 2009

To ask the Minister of State, Department for Business, Enterprise and Regulatory Reform how many (a) bankruptcy orders and (b) individual voluntary agreements were recorded in (i) Braintree, (ii) Essex and (iii) England in each year since 1997. (256842)

Table 1 as follows shows the number of (a) bankruptcy orders and (b) individual voluntary arrangements (IVAs) recorded in (i) Braintree, (ii) Essex and (iii) England in each year from 2000 to 2007. Regional figures are not yet available for 2008, nor for years prior to 2000.

Table 1.

2000

2001

2002

2003

2004

2005

2006

2007

Bankruptcy Orders

England

17,514

19,950

20,870

24,805

32,182

43,023

57,481

59,114

Essex

618

788

753

880

1,280

1,761

2,367

2,372

Braintree

55

75

71

72

123

183

230

194

IVAs

England

6,312

5,122

5,230

6,519

9,322

18,537

40,635

39,084

Essex

172

160

160

166

267

609

1,412

1,318

Braintree

13

23

13

14

16

60

122

111

Notes:

1. Classifying insolvent individuals into administrative geographies is done using the postcode that the person provides.

2. Inaccurate or missing postcodes mean that the numbers in the table will be subject to an element of missing data. Nationally, this proportion has been decreasing from about 12 per cent. in 2000 to less than 4 per cent. in 2007.

3. Figures for Essex cover Southend-on-Sea, Thurrock and Essex CC.