As the UK struggles to cope with the credit crunch, more people than ever are having to come to terms with filing for personal bankruptcy and losing their homes.<
According to research from Equifax, the personal bankruptcy law changes made in 2004 have made it far to straightforward for people to achieve bankrupt
The decision by the Bank of England to increase the base rate will almost certainly lead to a significent growth in the number of personal bankruptcies in the UK.
Despite a recent survey from Standard Life stating that many British consumers are trying to improve their financial situation, experts still predict a record number of perso
A leading debt management company have warned that a second rise in the base rate from the Bank of England could lead to a massive number of people in the UK filing for perso
A leading financial analyst has foretasted that bankruptcy figures will grow as a consequence of people losing their savings as interest rates continue to rise.
As the introduction of a card-only system of payment draws nearer, it is feared that it will encourage an increase in difficulties with personal debt and eventual bankruptcy.
Goverment figures that suggest that the number of personal banktupcties in the UK have fallen in the third quarter of 2007 have come under furthe criticism from experts.
