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|Insolvencies down by a quarter since 2014|
|Wednesday, 28 October 2015|
The latest quarterly figures from Accountant in Bankruptcy show Scottish total personal insolvencies, which include both bankruptcies and protected trust deeds, are 25.4 per cent lower than in the same quarter a year ago.
In the second quarter of 2015-16 up until 30 September, a total of 2,230 personal insolvencies were recorded, significantly down on the same period a year ago.
The statistics also show fewer companies in Scotland going bust, with 180 Scottish-registered businesses becoming insolvent. This is a 13.9 per cent drop on the same quarter a year ago and 8.6 per cent down on the previous quarter. There were no companies at all entering receivership during the quarter.
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