§ 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.