New insolvency statistics have been released by the Accountant In Bankruptcy and show a fall in the amount of trust deeds granted over the previous quarter.

Trust deeds have decreased by 25% over the past 3 months to March. The decrease coincides with an increase in sequestration. There were 555 awards for certificate of sequestration which is likely to be the reason for the decline

1,575 Trust Deeds were granted which is down 23% on the year on year figures.