§ Mr. Dewarasked the Secretary of State for Trade and Industry if he will publish a table showing for each of the last 10 years the number of (i) sequestrations and (ii) bankruptcies against individuals and companies, respectively, in Scotland.
§ Mr. HowardThe information requested is given in the following table:36W
Numbers of Insolvencies in Scotland 1977–1986 Sequestrations1 Company Liquidations2 1977 132 271 1978 127 274 1979 106 238 1980 150 379 1981 181 438 1982 213 503 1983 282 521 1984 292 523 1985 298 537 41986 3437 511 1 Sequestrations are the Scottish equivalent of bankruptcies. The figures cover all individuals and partnerships. Separate figures in respect of unincorporated businesses are not available. 2 Includes compulsory and creditors' voluntary liquidations — the two types which involve insolvency. 3 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. 4 Provisional.