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There were 12,489 bankruptcy petitions presented in 2004, down 43.5% from the previous year's figure of 22,092, the Official Receiver's Office says.
During the year, the court made 13,593 bankruptcy orders, down 45.5% on 2003.
A total of 973 bankruptcy petitions were presented in December, down 13.6% from the November figure of 1,126, a drop of 47.2% compared with the average monthly figure of 1,841 in 2003.
During the month, the court made 483 bankruptcy orders, down 44.4% from the previous month's figure of 869, and a drop of 76.8% on the average monthly figure of 2,077 in 2003.
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