‘Calm before the storm’ as bankruptcy numbers fall during lockdown

Drop in insolvencies linked to government bailout and reduced court sittings

Peter Stubley
Friday 12 June 2020 21:31
More economic turbulence expected as GDP plummets by over 20 per cent
More economic turbulence expected as GDP plummets by over 20 per cent

A drop in the number of people going bankrupt across England and Wales last month could be the “calm before the storm”, experts have warned.

There were 739 bankrupties in May, down 49 per cent compared with the same month last year, according to Insolvency Service data.

The number of debt relief orders (DROs), another form of personal insolvency, was also down by 32 per cent compared with May 2019.

Register for free to continue reading

Registration is a free and easy way to support our truly independent journalism

By registering, you will also enjoy limited access to Premium articles, exclusive newsletters, commenting, and virtual events with our leading journalists

Already have an account? sign in

By clicking ‘Register’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Join our new commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies


Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in