Number of individual voluntary arrangements (IVAs) - a) Classifying insolvent individuals into geographic areas is done using the postcode that the insolvent individual provides. The use of this in assigning an individual to a geographical area is only as good as the postcode information given. Inaccurate postcodes or incomplete/missing postcodes will lead to missing data. b) In particular, inaccurate or missing postcodes mean that regional counts will be subject to an element of missing data. Nationally, this proportion has been decreasing from about 12% in 2000 to less than 1% in 2012 in the case of bankruptcies and decreasing from around 15% in 2000 to less than 1% in 2012 in the case of Individual Voluntary Arrangements (IVAs). The proportion for DROs is between 0.1% and 0.2% A postcode quality file is provided as a separate table. It should be noted that the extent of missing data may vary slightly at different levels of geography due to the exclusion of cases resident in Scotland and/or cases not able to be assigned within a standard boundary. c) Postcodes are assigned to areas using the centroid of the postcode area. As postcode boundaries are not contiguous with other geographic boundaries, these postcode boundaries could span several geographic boundaries. d) It is possible an individual changed place of residence in order to cut costs and attempt to get out of financial difficulty. Where this failed and the individual was declared insolvent, it will be the address at the time of the insolvency which is recorded and used to classify the insolvent's location, where this can be determined. Where more than one address has been provided and the address at the time of insolvency is not known, an address has been chosen at random. e) Case numbers for some areas for the years 2000 to 2011 may be higher than previously published. This is due to the use of an updated postcode directory which has enabled some insolvencies with a previously unknown geographical location to be assigned to the correct area. The England and Wales totals remain unchanged. f) Population estimates have been revised by the Office for National Statistics for the years 2002 to 2011, to reflect data from the 2011 Census. This has led to revisions to the insolvency rate per 10,000 adults for the years 2002 to 2011.
Source name: The Insolvency Service
Collection name: Insolvency statistics: individual insolvencies by region
Polarity: Low is good