Scottish Statutory Debt Solutions Statistics: Annual edition

There were 8,001 personal insolvencies (bankruptcies and protected trust deeds (PTDs)) in Scotland in 2022-23, 232 (3.0%) more than in the previous financial year 2022-23.

A total of 2,357 bankruptcies were awarded during this year - a 2.3% increase on 2021-22. PTDs increased by 3.3% to 5,644 over the same period.

There were 3,268 applications for moratoria granted in 2022-23. This is 103 (3.3%) more than the figure granted in 2021-22.

There were 4,947 debt payment programmes (DPPs) under Debt Arrangement Scheme (DAS) approved in 2022-23, compared with 4,489 approved in 2021-22, an increase of 10.2%.

In 2022-23, around £47 million was repaid from debtors under DAS compared with the £43.8 million repaid in 2021-22.

For all bankruptcy cases (excluding Minimal Asset Process) concluded in 2022-23, the mean (average) dividend paid to ordinary creditors including those with zero dividends was 13.1 pence in the £, compared with 9.2 in 2021-22.

For all PTDs concluded in 2022-23, the mean dividend paid to ordinary creditors including those with zero dividends was 15.8 pence in the £, compared with 16.0 in 2021-22.

Corporate insolvencies increased from 854 in 2021-22 to 1,132 in 2022-23.

Chart 1 below shows the trend of personal insolvencies and DPPs under DAS since 2005-06.

Source: Scottish Statutory Debt Solutions Statistics: April to June 2023 (2023-24 Quarter 1)