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Source: Insolvency Service, Accountant in Bankruptcy
Most Recent Data: Q3 2009 provisional, equivalent to Q2 2009/10 in AiB figures. Not Seasonally Adjusted
Last Updated: 6 November 2009

The Bankruptcy and Diligence etc. (Scotland) Act 2007 introduced the Low Income, Low Asset (LILA) route into bankruptcy. It allows people who meet the relevant criteria to apply for their own bankruptcy without proving apparent insolvency or having creditor concurrence. Unsurprisingly, the LILA immediately resulted in a surge in the number of debtors using bankruptcy as means of abdicating responsibility for their debts.

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