Date lodged: 22 November 2018
To ask the Scottish Government how many debt cases the Accountant in Bankruptcy has dealt with for (a) businesses and (b) individuals in each of the last five years.
Answered by: Jamie Hepburn 4 December 2018
Corporate insolvency is largely reserved – although the Agency records numbers of receiverships and liquidations, the Agency does not deal with such cases itself.
Personal insolvency debt cases include the three statutory debt management and debt relief options - bankruptcy, Protected Trust Deeds (PTDs) and the Debt Arrangement Scheme (DAS). These cases generally relate to individuals, but include certain trading entities including unincorporated bodies, partnerships and sole traders. Details on case volumes is provided in the Agency’s Annual Report available on its website - www.aib.gov.uk .
For ease, summarised data on the numbers of new cases beginning in each year is set out in the following table: