HC Deb 02 July 1982 vol 26 cc401-2W
Mr. McMahon

asked the Minister for Trade how many bankruptcies and insolvencies, respectively, there were in Scotland for each of the last three years up to April

Dr. Vaughan

The figures are:

Year ending April 30 Sequestrations* Company Liquidationst†
1980 129 267
1981 148 397
1982 207 462
* Sequestrations apply to all individuals and partnerships and are roughly equivalent in Scottish law to bankruptcies in England and Wales.
†Compulsory and creditors' voluntary liquidations—the two types which involve insolvency.