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Rate of bankruptcy orders per 10,000 adults (4566) Metric type
- Help text
- This is the sum of bankruptcy orders in an area expressed per 10,000 adult population. 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.
Population data for each geographic breakdown is taken from the Office for National Statistics (ONS) mid-year population estimates release. Geographical data for joining the insolvency and population statistics together are sourced from the Open Geography Portal. Additionally, population estimates are revised from time to time by the ONS which will lead to to revisions to rates per 10,000 adults.
City of London included in Westminster and Isles of Scilly included in Cornwall due to low population.
- Modified
- 03 Apr 2023
- Data last updated
- 18 Dec 2023
- Short label
- Bankruptcy orders per 10,000 adults
- Status
- Live
- Output precision
- 1
- Polarity
- a low value is good
- Measure
- Rate per 10,000 Population
- Dataset
- Individual insolvencies
- Source
- The Insolvency Service
- is found in the following lists
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