The Lord Chancellor's Department today published statistics for company winding up, and creditors' and debtors' bankruptcy petitions issued in the High Court and county courts of England and Wales during the fourth quarter of 2002.
In the fourth quarter of 2002 the following number of petitions were issued:
3,257 company winding up petitions - an increase of over 21% on the petitions in the same quarter of 2001.
4,601 creditors' petitions - an increase of 32% on the petitions in the same quarter of 2001.
4,174 debtors' petitions - an increase of nearly 10% on the petitions in the same quarter of 2001.
Figures on insolvency petitions are published on a quarterly basis. The publication date for the figures covering the first quarter of 2003 will be Friday 2 May 2003.
Source: Business AM - UK News
