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Bankruptcies Prompt Consumer Debt Fears

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http://icwales.icnetwork.co.uk/0300busines...-name_page.html

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."

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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.

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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:

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  • 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%



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