Some 99,196 personal insolvencies
were recorded, marking a 9.
It said the figures were inflated by "bulk" insolvencies
, which saw large numbers of connected companies entering insolvency following some rule changes.
AiB is Scotlands insolvency service and is responsible for administering the process of personal bankruptcy, the Debt Arrangement Scheme (DAS) and recording corporate insolvencies
WIRRAL has one of the highest rates of personal insolvencies
in the North West, according to the latest figures from the Government's Insolvency Service.
Creditor services firm RSM predicts that across England and Wales, the Insolvency Service's figures will show there were around 80,000 personal insolvencies
Phillip Sykes, president of insolvency trade body R3, said: "The unique conditions of this recovery - low interest rates and creditor forbearance -meant we never saw the traditional post-recession spike in corporate insolvencies
Commenting on the January-March England & Wales insolvency statistics issued by the Government's Insolvency Service, Mr Philpott said: "The general corporate picture remains relatively stable, with a small fall in the number of corporate insolvencies
M2 EQUITYBITES-January 29, 2015-Figures for personal insolvencies
in England and Wales at lowest level since 2005
are now a third down from their peak at the end of 2008.
uk/scottish-insolvency-statistics-2013-14-quarter-2) According to figures from the Accountant in Bankruptcy (AiB) , responsible for all data on bankruptcies in Scotland, it was the second successive quarter showing increases in company insolvencies
However, Blair Nimmo, head of restructuring at KPMG in Scotland, feels the drop in corporate insolvencies
- now at their lowest level since 2009 in Scotland - "is an indication that the market is now showing signs of recovery".
LAST year was a record one for corporate insolvencies
in Northern Ireland, it has emerged.