Residential possession proceedings and tenant insolvency
  1. In the current economic climate personal insolvency is common place. According to the official figures, the number of personal insolvencies has risen from about 8,000 per quarter in 2002, to a peak of about 35,000 per quarter at the beginning of 2010. The current trend is a gradual reduction, the second quarter of 2012 seeing 27,390 personal insolvencies. In the last 12 months there have been 115,407 personal insolvencies: 35,456 bankruptcy orders; 30,816 debt relief orders; and 49,135 individual voluntary arrangements.
Filed under:
United Kingdom, Insolvency & Restructuring, Real Estate, Guildhall Chambers, Bankruptcy, Debtor, Debt, Pro rata, Insolvency Act 1986 (UK)
Authors:
Matthew Wales
Location:
United Kingdom
Firm:
Guildhall Chambers