According to last year’s figures, 63,000 UK citizens chose bankruptcy to escape their debt woes in 2006.
In short, bankruptcy is a relatively quick process to write off debts, usually taking a year, but can have long term hindering effects on one’s bank, job and personal affairs.
People who file bankruptcy are usually those with low income […]
In the UK, a new bill was put up for its second reading in the House of Commons which could grant bailiffs the right to legally force entry into your homes and confiscate objects based solely on one unpaid credit card bill. This could worsen what is already seen as absurd means of conduct on […]
Evidently, Scottish people are twice as likely to become insolvent versus the rest of the UK.
Statistics show that one in three of Scottish adults are insolvent and 2 out of 1,000 will file for bankruptcy, while 1 in 1,000 will file bankruptcy from England and Wales.
When compared to the rest of the UK, Scotland's insolvencies […]
It's no surprise that the UK is struggling with debt issues. However, what might be a surprise is exactly where in the country the problems are the worse. A recent article published the top 10 cities in the UK dealing with bankruptcy, individual voluntary arrangements (IVAs) and financial stress.
From ten to one the top […]
Former S CLUB 7 star JO O'MEARA is reportedly facing bankruptcy after discovering she has been conned out of GBP400,000 ($780,000). The REACH FOR THE STARS singer, who contemplated suicide after being accused of racial abuse on British reality TV show CELEBRITY BIG BROTHER last month (JAN07), is missing GBP200,000 ($390,000) from her savings. And O'Meara has also […]
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