TweetShareBankruptcy is regarded as an easy option for many people who fail to fully consider the impact of such a decision, it has been suggested. “They don’t want to listen to the implications, they just want to go ahead and do it,” Martin Lord, manager of the Citizen’s Advice Bureau in Northampton, told the Northampton [...]
Archive for the ‘Bankruptcy’ Category
Bankruptcy ‘not taken seriously’
by News Team on May 20th, 2008
North-east bankruptcy ‘surges’
by News Team on May 19th, 2008
TweetShareThe north-east has seen a 34 per cent rise in the number of people filing for bankruptcy in the first quarter of 2008. This is according to analysis by global services firm KPMG, the north-east’s bankruptcy figures have increased by three times the UK average between January and March, reports the Northern Echo. Sunderland – [...]
CCJ figures up across the country
by News Team on May 15th, 2008
TweetShareThe number of people facing County Court Judgments (CCJs)due to the extent of their debt management woes has been rising significantly across the UK in recent months. Certain areas of the country have been particularly hard hit in this respect and Shoreditch has seen a 154 per cent rise in the number of CCJs over [...]
Extent of Britain’s debt woes ‘being hidden’
by News Team on May 8th, 2008
TweetShareThe true extent of the debt problems facing consumers across Britain is being hidden by the official insolvency figures, it has been claimed. According to the Association of Business Recovery Professionals (R3), the data on insolvency is not representative of the country’s financial problems because it does not take account of the people who enter [...]
Insolvencies topped 25,000 in first quarter
by News Team on May 6th, 2008
TweetShareMore than 25,000 people from England and Wales entered insolvency over the course of the first three months of this year, according to the latest official data. The figures show that there were 15,651 cases of bankruptcy and 9,614 reported instances of people entering an Individual Voluntary Arrangement (IVA) by way of a debt solution. [...]
Lack of loans ‘will see bankruptcies rise’
by News Team on May 3rd, 2008
TweetShareThe lack of credit availability will see bankruptcy levels rise across the UK in months to come, according to one expert. Anna Sofat, founder of financial management firm Addidi Wealth, is convinced that many people with debt problems will be left with little option but to file for bankruptcy when they see their loan applications [...]
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