The Insolvency Service published its quarterly statistics on company insolvency and individual procedures showing:

  • The total number of people who became insolvent in England and Wales decreased compared with the same quarter in 2014, but increased compared with the previous quarter.
  • This quarterly increase was driven by a rise in individual voluntary arrangements, the first such increase since Q2 2014.
  • The number of bankruptcies and debt relief orders continued to decline.