Friday, August 4, 2006

Analysts predict personal insolvencies will top 100,000 this year

Bankruptcies set for big increase

Major banks are increasing their bad debt provision as personal insolvencies exceed 100,000 which is 3 times the total before the law changed 2 years ago.

Posted by denzil @ 09:22 AM (501 views)
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One thought on “Analysts predict personal insolvencies will top 100,000 this year

  • Heh, I thought they may try and get the rate raise in there. If record numbers are already going bankrupt then it is a bit late to start blaming rates especially as we are still at historically low rates.

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