Total personal insolvencies
Proportion of business related debtors
There is a 9.1 percent point (484 debtors) rise in the proportion of business related personal insolvencies in December quarter 2019 due to our change in definition. Using our new definition, 28.4% of people entered a business related personal insolvency. Using the historical business definition, this was 19.3%.
Bankrupts accounted for most of this difference. The number of debtors we classified as entering a business related personal insolvency:
- Increased by 486 bankrupts
- Fell by 8 debt agreement debtors
- Increased by 6 personal insolvency agreement debtors.
Difference in the number of business related personal insolvencies between definitions
Download the data
We have published comparison statistics from the historical definition to the new definition of business related personal insolvency.