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Bankruptcy: Sussex

Volume 506: debated on Tuesday 23 February 2010

To ask the Minister of State, Department for Business, Innovation and Skills how many bankruptcies of (a) individuals in each age group resident in and (b) businesses based in (i) Lewes constituency and (ii) East Sussex there were in each of the last five years. (317029)

Figures for bankrupts in East Sussex and Lewes constituency by age group for the last five years are shown in Tables 1 and 2 below.

Table 1: Bankruptcies in Lewes1

Age group2

Under 25

25-34

35-44

45-54

55-64

65+

Unknown

2004

2

17

18

17

6

0

4

2005

7

22

17

19

12

3

4

2006

6

28

39

23

10

4

9

2007

4

22

24

29

15

6

11

2008

1

13

25

16

10

3

16

1 Where bankrupt has provided a valid postcode (from 94.5 per cent. in 2004 to 96.9 per cent. in 2008).

2 Where bankrupt has provided a valid date of birth (from 92.3 per cent. in 2004 to 93.4 per cent. in 2008).

Table 2: Bankruptcies in East Sussex1

Age group-

Under 25

25-34

35-44

45-54

55-64

65+

Unknown

2004

26

107

126

102

52

9

41

2005

32

152

180

125

80

22

53

2006

43

179

238

143

93

26

41

2007

27

151

217

141

102

34

53

2008

26

146

194

152

64

36

79

1 Where bankrupt has provided a valid postcode (from 94.5 per cent. in 2004 to 96.9 per cent. in 2008)

2 Where bankrupt has provided a valid date of birth (from 92.3 per cent. in 2004 to 93.4 per cent. in 2008).

Self-employed traders may be declared bankrupt (or enter into an individual voluntary arrangement [IVA]), however, registered companies are the subject of liquidation (compulsory liquidation or creditors voluntary liquidation (CVL)).

Table 3 shows the number of self employed traders who were declared bankrupt in each of the last five years.

Table 3: Bankruptcies amongst sole traders in Lewes and East Sussex

Area1

Year2

Lewes

East Sussex

2004

22

132

2005

14

144

2006

33

154

2007

20

140

2008

28

138

1 Where bankrupt has provided a valid postcode (from 94.5 per cent. in 2004 to 96.9 per cent. in 2008).

2 Figures from October 2006 are compiled on a different basis and are not comparable to earlier figures.

Regional figures for 2009 are not currently available for bankruptcies, as they are compiled on an annual basis. They should be available later in 2010.

Statistics covering corporate insolvencies, including liquidation, are not currently available at a sub-national level within England and Wales.