HC Deb 21 July 1981 vol 9 c62W
Mr. Ernie Ross

asked the Secretary of State for Trade how many firms in Scotland (a) went bankrupt and (b) went into voluntary liquidation in each of the past two years.

Mr. Eyre

The figures are as follows:

1979 1980
Sequestrations* 106 150
Company liquidations
Compulsory liquidations 56 135
Creditors' voluntary liquidations 182 244
Members' voluntary liquidations† 214 242
* Sequestrations apply to all individuals and partnerships and are roughly equivalent in Scottish law to bankruptcies in England and Wales.
† In members' voluntary liquidations, the company is not insolvent.