Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what information her Department holds on how many people have accessed a personal insolvency solution while the Insolvency Service has been conducting its Review of the personal insolvency framework.

The number of people entering a formal personal insolvency solution since the commencement of the personal insolvency review at the beginning of July 2022 until 28 February 2023 was 74,124.

The Insolvency Service publishes official statistics each month on the number of people entering a personal insolvency solution. The latest insolvency statistics can be accessed at https://www.gov.uk/government/statistics/monthly-insolvency-statistics-february-2023.