Sunday, April 30, 2006 

The debt crisis deepens 

Telegraph - Bankruptcies soar to new peak

A potent combination of Britain's £1 trillion debt mountain and a relaxation of the bankruptcy laws is forecast to drive a record 100,000 people to go insolvent this year. Mark Sands, the head of personal insolvency at KPMG, said: "Bankruptcy is becoming a lifestyle option for many people to escape their debts."
posted by Uncle Chris  @ 12:17 PM 0 comments


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