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Bankruptcy: Business

Volume 506: debated on Wednesday 24 February 2010

To ask the Chancellor of the Exchequer against how many businesses HM Revenue and Customs has initiated winding up or bankruptcy action in 2008-09; and how much debt such action recovered. (316843)

The total number of bankruptcy and winding up petitions filed by HM Revenue and Customs in 2008-09 in England, Wales, Scotland and Northern Ireland was 13,181. This has fallen from 2006-07 and 2007-08 when the totals were 17,936 and 14,716 respectively.

The information on the value of the debt contained within those petitions is not available centrally and could be obtained only at disproportionate cost.