Scottish Statutory Debt Solutions Statistics
January to March 2021
2020-21 Quarter 4
Released: 28 April 2021
Next update: 28 July 2021
Authors: Catherine McAuley and Ken O’Neill
Responsible statistician: Ken O’Neill (firstname.lastname@example.org)
Data used in this release: Scottish Statutory Debt Solutions Statistics: 2020-21
Provisional figures: All figures for April 2020 onwards remain provisional until final validation on 28 July 2021.
Note: These statistics are for the period January to March 2021 and earlier financial quarters, therefore these quarters follow COVID-19 related policies implemented in Scotland from the end of March 2020.
Media enquiries: AiB Communications team (AIB_Communications@gov.scot)
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Main points for January to March 2021
There were 1,675 personal insolvencies (bankruptcies and protected trust deeds (PTDs)) in 2020-21 Q4, 1,486 fewer than in 2019-20 Q4 (see chart 1).
In 2020-21 Q4, 536 debtor applications for bankruptcy benefitted from the revised fee structure. Of these, 408 cases (76.1%) paid no fee at all.
For another type of statutory debt solution, the Debt Arrangement Scheme (DAS), there were 1,043 Debt Payment Programmes (DPPs) under the DAS approved in 2020-21 Q4 compared with 820 for the same quarter from 2019-20, an increase of 27.2%.
About this release
This quarterly release contains the latest statistics on statutory debt solutions, statutory moratoriums on diligence, and corporate insolvencies in Scotland.
The statistics are compiled by Accountant in Bankruptcy (AiB), an executive agency of the Scottish Government.
The majority of the statistics presented are derived from AiB administrative records. Estimates for 2020-21 are provisional until final figures are published in 28 July 2021.
Non-statutory debt solutions, where debtors make their own arrangements with creditors or enter informal debt management plans with a debt management firm, are not included in these statistics.
These statistics are for the period January to March 2021 and earlier financial quarters, therefore these quarters follow COVID-19 related policies implemented in Scotland from the end of March 2020.
There were 778 applications for moratoria granted in 2020-21 Q4. This is 500 more than the figure (278) granted in the same quarter in 2019-20.
Corporate insolvencies decreased from 246 in 2019-20 Q4 to 91 in 2020-21 Q4.
Further comparisons can be found in Table 1 below.