The level of personal debt among UK consumers is rising by just over £300 million every day, according to the latest figures from Credit Action. Collectively, British borrowers pay out close to £258 million in interest each day and the…
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Bankruptcy 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…
The 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…
The 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…
The 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…
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More 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…
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The 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…
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The scale of the UK’s personal debt management burden has increased by close to £113 billion over the course of the past year, according to the latest figures. Data collected by the Credit Action charity has revealed that individuals around…
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