2009/ 2010 Bankruptcy Statistics

ITSA have released the latest bankruptcy statics on Part IX & Part X Bankruptcies.

They show the following;

	2008 / 2009	2009 / 2010	% Change
Total Personal Insolvency Activity	36,487	36,506	increase of 0.05%
Bankruptcies	27,483	27,507	increase of 0.09%
Part IX Debt Agreements	8,567	8,428	decrease of 1.62%
Part X Arrangements	437	571	increase of 30.66%

Overall, activity has been fairly consistent from the previous year. 2008 / 2009 saw interest rates drop and in theory decreased pressures. 2009 / 2010 saw increased pressures, with the bankruptcies remaining consistent.

(source ITSA)