31% Rise in Personal Insolvency
Personal insolvencies on the rise according to government figures
8th November 2004
Statistics from the Department of Trade and Industry (DTI) show a huge hike in personal insolvencies, with a 31% rise over the last 12 months.
Overall, there were 11,967 individual insolvencies in England and Wales in the 3rd quarter of 2004, with this being made up of 9,156 bankruptcies and 2,811 Individual Voluntary Arrangements (IVAs).
Read More: Depratment of Trade and Industry Statistics Release
|
More on Bankruptcy : Egg plc Posts £40m Loss (News, 31/07/2006), Report Says a Million People Near to Bankruptcy (News, 22/05/2006), Another Steep Rise in Insolvencies (News, 05/05/2006), Bankruptcy Rate Rises in Under 25s (News, 13/09/2005), New Record for Bankruptcy Levels (News, 08/08/2005), See all 10 Bankruptcy stories >>> |
|
More on Consumer Debt: Repossession : Could you lose your home? (Article, 09/02/2006), Coping With Debt (Article, 27/07/2005), Reduce Your Credit Card Debt (Article, 26/07/2005), IVAs a Profitable Business (News, 24/10/2006), Bad Debts Hit Co-op Profits (News, 14/09/2006), HSBC Tightens Overdraft Rules (News, 12/09/2006), Egg plc Posts £40m Loss (News, 31/07/2006), Many Face 'Lifetime of Debt' (News, 25/05/2006), See all 32 Consumer Debt stories >>> |
Home - Bad Credit
