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Insolvencies in Scotland - new figures
The Accountant in Bankruptcy (AiB - Scotland`s Insolvency Service) has published official figures showing how many people in Scotland became insolvent in the last three months.
Between April and June 2010, 5,378 people in Scotland were declared insolvent. This was an increase of 4% on the previous quarter, but still a decrease of 15% on the same time period last year.
DROs by area
Figures from the Insolvency Service reveal how many people entered an IVA , bankruptcy or a DRO (Debt Relief Order) per area in 2009.
Here, we`ll look specifically at the DRO figures. Unlike the figures for IVAs and bankruptcies, there aren`t any figures from the first quarter of last year, as DROs were only introduced in April.
IVAs in Ireland - report due in September
It looks like the Irish Government`s introduction of IVAs is moving ahead. As sbpost.ie (the Sunday Business Post) tells us, we`ll hear more in September when a report comes out.
The Government group which was set up to look at ways of dealing with personal debt is considering the introduction of IVAs `as a less restrictive alternative to existing bankruptcy laws`.
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