The government’s insolvency statistics for Scotland in the third quarter (July to September) of 2016 show that:
 The number of individual insolvencies increased by 8.5% compared to the third quarter of 2015, with 2,424 recorded.
 The number of individual sequestrations (bankruptcy) increased by 15.3% compared to the third quarter of 2015.
Of the 1,113 in Q3 this year, 471 people went into sequestration through the Minimal Asset Process route.
This replaced the LILA route (Low Income, Low Assets) in April 2015, which has led to a general decrease in sequestration filings.
 The number of individuals applying for a trust deed increased by 3.3% compared to Q3 2015, with 1,311 filings.
 The figures for all three quarters also display that for the first time in a long time, significantly more people have been filing for trust deeds than sequestrations.
Looking at the figures for Q2 2016, the 1,261 trust deed filings saw a 48.5% rise compared to Q2 2015, while Q1 2016’s 1,235 was an increase of 48.1%.
The rise in 2016, and how it compares to previous years, can be seen with ease on this graph of the Q3 data for individual insolvencies. While the numbers of individual trust deeds have occasionally matched or very minutely exceeded the number of sequestrations, the last time we saw this kind of change was back in 2007.