Prevalence of statutory/informal insolvency instruments in Great Britain 2012

This survey shows the prevalence of statutory and informal insolvency instruments in Great Britain in 2012. For clarification purposes, IVA stands for individual voluntary arrangement and represents a formal alternative for individuals trying to avoid bankruptcy. DMP stands for debt management plan and represents an informal alternative to individuals trying to avoid bankruptcy. CCJ stands for county court judgment, which is a legal decision handed down by a county court. Of respondents, five percent obtained a debt management plan and two percent received a CCJ or other legal proceeding for non-payment of debts in the previous two years.

Share of respondents involved in statutory and informal insolvency instruments in Great Britain in 2012, by instrument

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Sources

Release date

June 2013

Region

United Kingdom (Great Britain)

Survey time period

2012

Number of respondents

7,998 respondents

Age group

18 years and older

Method of interview

Online survey

Supplementary notes

Respondents were also asked to state if they had been declared bankrupt in the two years prior to survey. This figure was, however, zero percent.

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Statistics on "Personal debt in the United Kingdom"

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