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Scottish personal insolvency numbers rise by 2.1% – BBC News

Scottish personal insolvency numbers rise by 2.1%

  • 24 January 2018

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The number of personal insolvencies rose in Scotland in the last quarter of 2017, according to official figures.

Accountant in Bankruptcy (AiB) reported 2,691 bankruptcies and protected trust deeds (PTDs) between October and December – a year-on-year rise of 2.1%.

The number of bankruptcies fell by 4.2% to 1,089, while PTDs…

Read the full article at: http://www.bbc.co.uk/news/uk-scotland-scotland-business-42802350

Category: BankruptcyBy Insolvency GuardianFebruary 10, 2018

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Scottish personal insolvency numbers rise by 2.1% – BBC News

Pound coinsImage copyright
Getty Images

The number of personal insolvencies rose in Scotland in the last quarter of 2017, according to official figures.

Accountant in Bankruptcy (AiB) reported 2,691 bankruptcies and protected trust deeds (PTDs) between October and December – a year-on-year rise of 2.1%.

The number of bankruptcies fell by 4.2% to 1,089, while PTDs increased by 6.9%, to 1,602, over the same period.

A total of 573 debt payment programmes were approved under the Debt Arrangement Scheme (DAS).

That compared with 528 in the same quarter of 2016-17.

AiB said a total of £9.5m was repaid through DAS during the quarter, compared …

Read the full article at: http://www.bbc.com/news/uk-scotland-scotland-business-42802350

Category: BankruptcyBy Insolvency GuardianJanuary 24, 2018

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