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Topic starter
23/10/2013 10:39 am
The Accountant In Bankruptcy today released the latest quarterly figures for personal insolvencies and debt arrangement schemes. They're for the 2nd quarter of the AIB's 2013/14 year.
Overall personal insolvencies (bankruptcy and protected trust deeds) totalled 3411. This is 16.1% less than the same period last year.
There were 1714 bankruptcies. This is a decline of 7.9% compared to the same period last year.
1697 protected trust deeds were awarded during the period. This is a reduction of 23% compared to the same period last year.
1170 DPPs (debt payment programs under the Debt Arrangement Scheme) were approved. This is an increase of 5.4% compared to the equivalent period last year.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
23/10/2013 4:30 pm
Hi TDA,
It makes for an interesting read. Often people will say to me ÔÇ£Oh you must be so busyÔÇØ but that's not generally the case and I think the statistics show this when it comes to insolvencies.
I wonder what the statistics will reflect this time next year when we have had the new Trust Deed changes in place. Will the Sequestration number increase because of the 1 year difference at the moment between Sequestration and a Trust Deed.
I noticed that in the first two quarters of the year 2,370 DAS applications were approved but additionally 1,190 applications to revoke a DAS were applied for. A high number of applications for DAS to be revoked I think.
David is not currently posting in the Trust-Deed.co.uk forum
Topic starter
23/10/2013 4:45 pm
If you haven't already David I'd suggest reading this:
(Link Removed 2020).
Looks like it might be time to update the figures and see how this is developing over time.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds
23/10/2013 8:23 pm
It would indeed be interesting to see the updated figures as the figure of 1,190 applications to revoke is an incredible figure.
Mark
Mark is not posting regularly in the Trust-deed.co.uk forum.
Topic starter
23/10/2013 8:47 pm
We'll get our calculator out over the next few days!
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds
