All the updated news related to personal insolvency

All the news related to personal insolvency updated in real time

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High Court approves €4.4m debt write-off for former Waterford councillor

The High Court has approved a Personal Insolvency Arrangement allowing a former Fianna Fáil councillor and General Election candidate to write off over €4.4m in debt. The PIA was approved in respect of Thomas 'Eddie' Mulligan, who will contribute a ...

28 Mar 2023 at 13:33

Personal Finance

Rising used car prices ‘have been barrier to people entering insolvency’

Rises in used car prices have been a barrier to people entering insolvency in recent years, according to a financial support service. Money Wellness made the comments ahead of changes to debt relief orders (DROs) this week, which will raise the ...

25 Jun 2024 at 12:31

Personal Finance

Personal insolvencies in England and Wales at highest level since 2018

The number of people going financially insolvent across England and Wales jumped to the highest level in more than three years in the first quarter of this year. There were 32,305 personal insolvencies between January and March, according to ...

28 Apr 2022 at 11:25

Personal Finance

25% jump in people needing breathing space from debts last year

The number of people needing breathing space from their debts jumped by 25% in 2023 compared with the previous year. Across England and Wales, there were 88,390 registered breathing spaces in 2023, comprised of 86,928 standard and 1,462 ...

30 Jan 2024 at 11:25

Personal Finance

Annual jump in number of people taking up debt ‘breathing space’ schemes

The number of people taking “breathing space” from their financial problems has jumped by more than a third annually, according to figures from the Insolvency Service. There were 23,179 breathing space registrations in the first three ...

28 Apr 2023 at 12:54

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Bankruptcies in England and Wales slump to lowest levels since 1989

The number of people going bankrupt across England and Wales last year was the lowest since 1989, according to official figures. The decrease helped the overall number of personal insolvencies fall to a four-year low last year. Some ...

28 Jan 2022 at 11:55

Personal Finance

Personal insolvencies jumped by 14% annually in 2024 across England and Wales

The number of people going financially insolvent in England and Wales last year was 14% higher than in 2023, driven by debt relief orders (DROs) jumping to a record high, according to the Insolvency Service. Some 117,947 personal ...

21 Jan 2025 at 11:13

Personal Finance

4% monthly rise in personal insolvencies in February in England and Wales

The number of people going financially insolvent in England and Wales jumped by 4% month-on-month in February. Some 10,147 people entered insolvency in February, which was 4% higher than in January and 5% lower than in February ...

18 Mar 2025 at 12:56

Personal Finance

‘Concerning’ level of poor practice found in IVA market – Insolvency Service

A “concerning” level of poor practice has been found in the market for individual voluntary arrangements (IVAs), according to the Insolvency Service. IVAs are a legally binding agreement between a person who is financially ...

17 Oct 2024 at 16:35

Personal Finance

Number of people needing ‘breathing space’ from debts jumped annually in March

The number of people needing “breathing space” from their debts jumped by 4% in March compared with the same month a year earlier, according to Insolvency Service figures. Across England and Wales, there were 8,033 ...

25 Apr 2025 at 11:56

Personal Finance

Women more likely to become financially insolvent than men

The rate of women going financially insolvent in England and Wales has been higher than the rate for men for more than a decade, according to Insolvency Service figures. The female insolvency rate (26.5 per 10,000 ...

25 Mar 2025 at 16:02

Personal Finance

Personal insolvencies jumped by 8% month on month in April in England and Wales

The number of people going financially insolvent in England and Wales jumped in April, according to Insolvency Service figures. Some 10,012 people entered insolvency in England and Wales last month, which was 8% ...

20 May 2025 at 10:59

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