INDIVIDUAL INSOLVENCIES
There were 27,087 individual insolvencies in England and Wales in the third quarter of 2008 on a seasonally adjusted basis. This was an increase of 8.8% on the previous quarter and an increase of 4.6% on the same period a year ago. 
This was made up of 17,341 bankruptcies (which were up 12.1% on the [...]

COMPANY INSOLVENCIES
There were 4,001 compulsory liquidations and creditors’ voluntary liquidations in total in England and Wales in the third quarter of 2008 (on a seasonally adjusted basis).  This was an increase of 10.5% on the previous quarter and an increase of 26.3% on the same period a year ago.
This was made up of 1,483 compulsory [...]

What is a Company Voluntary Arrangement (CVA)?
A company voluntary arrangement is a legal procedure, which allows the directors to retain the control of the company and also enabling them to enter into a binding agreement with the company’s creditors detailing how the company’s debts and liabilities will be dealt with under the provisions of the [...]