Scottish Insolvency Statistics First Quarter 2009-10

Following today's release of insolvency statistics by Accountant in Bankruptcy on Wednesday 22 April 2009, the Minister for Community Safety, Fergus Ewing, released a statement in response to these figures:

"The bankruptcy figures this quarter are much the same as last quarter. There has been a small decrease in the number of Scottish companies becoming insolvent this quarter even in difficult economic times. These quarterly statistics are high, although not as grim as some may have expected.

"We will continue to do absolutely everything we can to support Scottish business and families during these tough times. That includes our work to make sure people who are struggling with unmanageable debt get the help and support they need.

"Our response to the report of the Debt Action Forum made clear that we will take action further to assist those facing serious debt problems. Some of the areas discussed by the Forum are more complex and need further consideration. That's why we will be consulting on a number of further changes.

"I am confident that this work will help those who feel the stress of unmanageable debt."

Fergus Ewing
Minister for Community Safety
22 July 2009

To view the first quarter statistics for 2009/10 please follow this link.