Friday, August 3, 2007

Insolvencies & Repossessions Rising Sharply

Number going bust set to increase

Official statistics are expected to show an increase in the number of people becoming insolvent in England and Wales. Figures from April to June are likely to be higher than the record level of 30,075 people who became insolvent in the first three months of the year. Experts say rising interest rates have put people under even more pressure. Separate data is also expected to show a rise in the number of homeowners having their houses reposses Lenders becoming less likely to accept IVAs

Posted by scaredeitherway @ 03:13 AM (370 views)
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One thought on “Insolvencies & Repossessions Rising Sharply

  • “But mortgage repossessions are nowhere near the highs of the early 1990s.” Yet.

    Mortgage repossessions were nowhere near the highs of early 1990s in 1989 either. It’s like saying “snowfall this August is nowhere near the highs of last December”!! Muppets.

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