Scottish Statutory Debt Solutions Statistics: December 2020

18th January 2021

Accountant in Bankruptcy (AiB) has released experimental statistics reporting statutory debt solutions in Scotland for December 2020.

There were 9,070 personal insolvencies in the calendar year 2020, 4,542 (33.4%) fewer than in the same period the year before.

Bankruptcies decreased by 40.3% in the calendar year 2020 when compared with the same period the year before.

PTDs decreased by 29.5% over the same period.

There were 3,454 approved DPPs under Debt Arrangement Scheme in the calendar year 2020 compared with 2,907 for the same period the year before, an increase of 18.8%.

The introduction of new provisions on the statutory moratorium and the revised fee structures in place for accessing bankruptcy are part of emergency measures brought in by both the Coronavirus (Scotland) Act 2020 and the Coronavirus (Scotland) (No.2) Act 2020.

As at 31 December 2020, 1,207 applications for moratoria had been granted under the new powers.

In the period between 27 May and 31 December 2020, there were 1,435 new applications for bankruptcy which benefitted from the reduced application fee - 1,125 (78.4%) of which paid no application fee at all.

The figures released today are classed as Experimental Statistics though these were produced in accordance with the professional standards set out in the Code of Practice for Official Statistics.