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Number of individual voluntary arrangements (IVAs) (3496) Metric type
- Help text
- This is the sum of individual voluntary arrangements (IVAs) in an area. An IVA is a voluntary means of repaying creditors some or all of what they are owed. Once approved by 75% or more of creditors, the arrangement is binding on all. IVAs are supervised by licensed Insolvency Practitioners.
Individual insolvency data are sourced from the Insolvency Service case information system (ISCIS). IVAs are counted within these statistics once they are registered with the Insolvency Service, and they are reported by year of registration date. There is often a time lag between the date on which the IVA is accepted (known as the date of creditor agreement) and date of registration by licensed insolvency practitioners working for firms that specialise in this area. For some IVAs, the year in which they were registered may differ from the date of creditor 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 IVAs
- 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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