Jump to content
House Price Crash Forum
Sign in to follow this  
Once in a lifetime

Bankruptcies Prompt Consumer Debt Fears

Recommended Posts


Aug 22 2005

Sion Barry, Western Mail

THE number of consumer debtors resorting to bankruptcy, when compared to entrepreneurs and business people, has hit a new high.

The proportion of bankruptcy cases represented by those whose debts are mainly personal loans and credit card balances rose by 70% in the year 2004/05, according to new figures.

"If the current trend continues, we could see annual rates of 80,000 bankruptcies within the next three years."

Share this post

Link to post
Share on other sites

The enterprise act forces the Official Receiver to deal with propertie far more quickly than previously. I would expect to see forced sales feed through to the market more rapidly.

Share this post

Link to post
Share on other sites

DebtMatters (DEBT) has gained almost 3.98% so far today.

Debt Free Direct (DFD) has gained 5.82% so far today.

Guess where my money has been sat for a while, will continue to stay there me thinks too. :lol:

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.