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Bankruptcy

Volume 497: debated on Wednesday 14 October 2009

To ask the Secretary of State for Justice how many UK (a) companies and (b) individuals filed for bankruptcy in the financial year 2008-09. (289484)

The following table shows the number of insolvency and bankruptcy petitions issued in the High Court and county courts of England and Wales during 2008-09. The Ministry of Justice does not hold corresponding statistics for Scotland or Northern Ireland.

Insolvency and bankruptcy petitions filed in England and Wales, 2008-09

Number

Company winding up

12,966

Creditors bankruptcy

20,442

Debtors bankruptcy

59,453

Statistics on insolvency and bankruptcy petitions are published in a quarterly National Statistics bulletin “Company winding up and bankruptcy petition statistics” which can also be found on the Ministry of Justice website at:

http://www.justice.gov.uk/publications/companywindingupandbankruptcy.htm

The Ministry of Justice statistics do not indicate the actual number of company winding-up orders and bankruptcy orders during a particular period. These statistics are published by the Insolvency Service and can be found on their website at:

http://www.insolvency.gov.uk/otherinformation/statistics/insolv.htm