Individual insolvencies 1992-2002: Annual Abstract of Statistics Table shows details of bankruptcies, receiving and administration orders under the Bankruptcy Act 1914 and bankruptcy orders under the Insolvency Act 1986. Orders later consolidated or rescinded are included in these figures. Also Individual voluntary arr...
Number of individual insolvencies: Social Trends 34 Such high, generally continuous levels of borrowing can result in people being unable to meet their debt repayments. An individual may be officially declared bankrupt if a court is satisfied that there is no prospect of the debt being paid. However, in ma...
Number of individual insolvencies: Social Trends 33 High levels of borrowing can result in individuals being unable to meet their debt repayments and becoming insolvent. Where a court is satisfied that there is no prospect of the debt being paid, an individual can be declared bankrupt. However, in many cas...