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Number of bankruptcy orders (3494) Metric type
- Help text
- This is the sum of bankruptcy orders in a area. Bankruptcy is a form of debt relief available for anyone who is unable to pay their debts. Assets owned will vest in a trustee in bankruptcy, who will sell them and distribute the proceeds to creditors. Discharge from debts usually takes place 12 months after the bankruptcy order is granted. Bankruptcies result from either Debtor application – where the individual is unable to pay their debts, and applies online to make themselves bankrupt, or Creditor petition – if a creditor is owed £5,000 or more, they can apply to the court to make an individual bankrupt. These statistics relate to petitions where a court order was made as a result, although not all petitions to court result in a bankruptcy order.
Individual insolvency data are sourced from the Insolvency Service case information system (ISCIS). Bankruptcy data are tabulated by insolvency type and calendar year of order or agreement.
Postcode data are matched against the National Statistics Postcode Lookup, to determine the region and administrative area of each individual. These data are then aggregated to produce counts of insolvencies in each geographical area. The National Statistics Postcode Lookup is derived from data from the Office for National Statistics (ONS) and Ordnance Survey.
Geographical data for joining the insolvency and population statistics together are sourced from the Open Geography Portal.
City of London included in Westminster and Isles of Scilly included in Cornwall due to low population.
- Modified
- 03 Apr 2023
- Data last updated
- 03 Apr 2023
- Short label
- No. of bankruptcy orders
- Status
- Live
- Output precision
- 0
- Polarity
- a low value is good
- Measure
- Count
- Dataset
- Individual insolvencies
- Source
- The Insolvency Service
- is found in the following lists
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