Thursday, 29 April 2010

Record numbers of Britons declared insolvent

Almost 400 Britons are being declared insolvent every day as numbers reached a record high last month, it was announced today.

Latest figures suggested that despite the recession being officially over, households are struggling to make ends meet.

Experts warned the so-called debt lag – where the number of unpaid bills accrues over a series of months before insolvency hits – can last from anything between nine months to two years. Read more...

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