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Bankruptcy: Leeds

Volume 506: debated on Wednesday 3 March 2010

To ask the Minister of State, Department for Business, Innovation and Skills how many bankruptcies of (a) individuals in each age group resident and (b) businesses based in Leeds, North-West constituency there have been in each year since 2005. (319499)

Figures for bankrupts in Leeds, North- West constituency by age group since 2005 are shown in Table 1 as follows:

Table 1: Bankruptcies in Leeds Northwest constituency1

Age group2

Unknown

Under 25

25-34

35-44

45-54

55-64

65+

2005

6

5

18

9

6

9

2

2006

3

5

15

30

7

10

3

2007

4

1

13

26

19

7

3

2008

12

3

18

25

17

15

5

1 Where bankrupt has provided a valid postcode (from 95.3 per cent. in 2005 to 96.9 per cent. in 2008)

2 Where bankrupt has provided a valid date of birth (from 92.1 per cent. in 2005 to 93.4 per cent. in 2008)

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

Table 2 shows the number of self-employed traders who were declared bankrupt since 2005.

Table 2: Bankruptcies among sole traders in Leeds Northwest constituency1

Year2

Leeds North West constituency

2005

13

2006

14

2007

9

2008

14

1 Where bankrupt has provided a valid postcode (from 95.3 per cent. in 2005 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 will be available later in 2010.

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