Number of Bankruptcy Awards in Scotland Falls

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.

If you would like to discuss your situation with an expert please contact Joel Conn on 0141 552 3422 or by email on jmc@mitchells-roberton.co.uk

This entry was posted in Legal by Elizabeth Baker. Bookmark the permalink.

About Elizabeth Baker

Elizabeth is our Business Development Manager. She has a degree in both English Literature and Law from Glasgow University. After graduating in 1983 she served her traineeship as a solicitor in Oban. When she was admitted as a solicitor her first job was at Mitchells Roberton in 1985 so she is a well known face. She spread her wings and joined other firms along the way and had a successful law practice under her own name for some years. She returned to Mitchells Roberton in 2011 and works primarily to enhance the marketing of our firm. With her excellent links with small business and the media in the greater Glasgow area, she is well placed in the role and generates a good deal of referrals and new business. Elizabeth is a people person and naturally connects with both staff and clients. Elizabeth has two grown up children and loves walking her dog, travelling and reading literature.

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