§ Mr. Colemanasked the Secretary of State for Trade and Industry what information he has concerning the Eurofer proposals for an ordered restructuring of the European
England and Wales Scotland 1Bankruptcies 2Company liquidations 1Sequestrations 2Company liquidations July 1979 354 361 10 24 January 1980 262 527 20 19 July 1980 392 654 7 39 January 1981 42S 946 11 28 July 1981 493 3 17 38 January 1982 429 947 23 28 July 1982 515 987 23 37 January 1983 542 1,167 18 54 July 1983 582 1,075 28 40 January 1984 707 1,278 24 50 July 1984 748 1,217 15 32 January 1985 641 1,430 27 46 July 1985 671 1,396 22 47 January 1986 670 1,318 21 25 July 1986 699 1,372 544 38 January 1987*4 555 1,443 55 35 * Provisional. 1 Sequestrations are the Scottish equivalent of bankruptcies. Bankruptcy and sequestration totals include administration orders and deeds of arrangement and the total is the net number of cases administered after consolidations and rescissions. 2 Includes compulsory and creditors' voluntary liquidations—the two types which involve insolvency. 3 Monthly figure not available due to Civil Service strike. 4 The remaining provisions of the Insolvency Act 1986 were brought into force on 29 December 1986. Proceedings for bankruptcy are changed under the new Act and receiving orders are replaced by bankruptcy orders. The new Act also introduced for the first time a deposit on petitions for compulsory liquidation. However, most of the insolvencies in January were petitioned under the previous legislation. 5 Provisions of the Bankruptcy Scotland Act 1985 which came into force on 1 April 1986 provided for public funds to be made available to compensate trustees dealing with sequestrations with no assets.