The road to ruin
On the surface, Luisa Strudwick was doing fine. But she had a secret: she owed £52,000. This year, she joined the record number of people declaring bankruptcy in this country. Aida Edemariam hears her story and talks to two others who know what it’s like to be overwhelmed by debt
Friday September 29, […]
By Rosie Murray-West, Business Correspondent
(Filed: 29/09/2006)
Neil Martin faces bankruptcy and losing his home because of an error by the taxman. He has been told the law can do nothing. The taxman is not liable for his mistakes even when he seriously disadvantages customers, a judge ruled yesterday.
Neil Martin lost his case after being the first […]
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Oooh conspiracy! Is it possible that the government has a deliberate policy of encouraging people to spend more than they earn? The signs could certainly be explained in that way. They've allowed mortgage companies to gradually relax their lending criteria in all […]
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UK banks and building societies have increased charges by up to 20% on average in the past three years, says financial research company, Defaqto, in a new report. Indeed, average penalties for bounced cheques, unpaid standing orders or direct debits are now […]
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A quarter of pensioners have borrowed money that they don't plan to pay back, a survey showed today.Research by the financial services company, Sesame, suggested that older people, who have traditionally been considered as uncomfortable with debt, were much more likely than […]
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