Officials on Friday said 833 bankruptcy applications were made in November, slightly lower than the 877 petitions logged in October.

November's figure, released by the Official Receiver’s Office, was up 2.3 percent from a year before.

The number of bankruptcy court orders issued last month rose 23 percent year-on-year to 674.

The office also received 72 compulsory winding-up petitions in November, marking a 76 percent year-on-year rise. There were 32 court-issued winding-up orders.

In the first 11 months of the year, 8,409 bankruptcies were logged.