Article summary
The Insolvency Service has published its monthly insolvency statistics for October 2022 on company and individual insolvencies. The data shows there were 1,948 company insolvencies registered, 38% higher than in October 2021 (1,410) and 32% higher than the number registered pre-coronavirus (COVID-19) pandemic levels (October 2019, 1,477). For individuals, 531 bankruptcies were registered, 14% lower than in October 2021 and 62% lower than in October 2019.
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