On the 24 January 2018 the Scottish Government body which deals with insolvency known as the Accountant in Bankruptcy (AiB) released its latest statistics. The figures show a decrease in the number of bankruptcy awards in the last quarter of 2017. Although the AiB only keeps partial records relating to corporate insolvency the figures they do have show a slight drop in the number of liquidations for the same period. In general these figures are hopeful.
That said there has been an increase in the use of the Debt Arrangement Scheme and Protected Trust Deeds which reveals a small increase in the overall levels of personal insolvency.
However given the present unsettled economic climate it is always best to take early advice if you have any insolvency concerns.