Scottish Insolvency Statistics: April to June 2018 (2018-19 Quarter 1)

Accountant in Bankruptcy (AiB) today released official statistics reporting personal and company insolvencies in Scotland for the first quarter (April to June 2018) of 2018-19 and final statistics for the 2017-18 financial year.

Scottish Insolvency Statistics for April to June 2018 (2018-19 Q1)

There were 3,208 personal insolvencies (bankruptcies and protected trust deeds (PTDs)) in Scotland in 2018-19 Q1, compared with 2,869 in 2017-18 Q1, an increase of 12%.

There were 1,236 bankruptcies awarded during this quarter, a 6.5% decrease on the same quarter in 2017-18. PTDs increased by 27% to 1,972 over the same period.

There were 648 DPPs approved under DAS compared with 597 in the same quarter of the previous year.

A total of £9.5 million was repaid through DAS during this quarter, compared with £9.4 million in 2017-18 Q1.

The number of Scottish registered companies becoming insolvent or entering receivership increased in the first quarter of 2018-19, with 245 companies becoming insolvent compared with 200 in 2017-18 Q1 There were 141 members’ voluntary liquidations (solvent liquidations), down on the 151 in 2017-18 Q1.

Scottish insolvency statistics in 2017-18

Final statistics show that in 2017-18 personal insolvencies in Scotland increased by 5.7% to 10,602 from 10,032 in 2016-17.

Personal insolvencies rose for the second consecutive year but remain below levels seen between 2005-06 and 2014-15.

The increase in personal insolvencies in 2017-18 was mainly due to PTDs, which increased by 8.9% on the previous year to 5,958. Bankruptcies increased by 1.8% to 4,644. 

In 2017-18, there were 2,318 debt payment programmes (DPPs) approved under the Debt Arrangement Scheme (DAS), 85 more than a year earlier. In 2017-18, £37.6 million was repaid from debtors under DAS compared with £37.3 million in 2016-17.

Corporate insolvencies increased from 846 in 2016-17 to 884 in 2017-18.

The figures released today were produced in accordance with the professional standards set out in the Code of Practice for Official Statistics.


  • A full statement of Scottish insolvency statistics for the first quarter of 2018-19 is available –
  • Official statistics are produced by professionally independent statistical staff – more information on the standards of official statistics in Scotland can be accessed at: (link is external)
  • Accountant in Bankruptcy supervises all personal insolvencies in Scotland and administers those bankruptcies where appointed. Insolvent individuals in Scotland are subject to bankruptcy (sequestration) or enter protected trust deeds (PTDs) under the Bankruptcy (Scotland) Act 1985. The 1985 Act was amended by the Bankruptcy (Scotland) Act 1993 and on 1 April 2008, part 1 of the Bankruptcy and Diligence etc. (Scotland) Act 2007 came into force making significant changes to some aspects of bankruptcy in Scotland. Changes included the introduction of LILA, a route into bankruptcy for people with low income and low assets. The changes also took a number of processes out of the Scottish Court system, reducing costs and freeing up court time.
  • Protected trust deeds (PTDs) are voluntary arrangements, where the debtor passes their estate to an insolvency practitioner who arranges to repay part of the debt to creditors on the debtor’s behalf. This is similar to Individual Voluntary Agreements (IVAs) in England and Wales; although there are important differences in the way they are set up and administered.
  • The Debt Arrangement Scheme (DAS) is administered by Accountant in Bankruptcy. Debt payment programmes approved under DAS allow individuals to repay their debts in full over an extended period of time whilst providing protection from enforcement by their creditors and safeguarding their home as long as mortgage payments are maintained. Further information on DAS, including a register of debt payment programmes, is available here.
  • Details of bankruptcies, PTDs, liquidations and receiverships are found on the register of insolvencies, which is maintained by Accountant in Bankruptcy and can be found at
  • Accountant in Bankruptcy is also responsible for receiving, extracting and recording information from certain forms relating to company liquidations and receiverships. The legislation appropriate to liquidations and receiverships is contained in the Insolvency Act 1986 and the Insolvency (Scotland) Rules 1986.
  • Further information regarding insolvency in Scotland, including legislation, can be found on the Accountant in Bankruptcy’s website at


Gavin Cameron , Communications Manager, Accountant in Bankruptcy

Telephone: 0300 200 2636 / 07976 183010