Thursday, January 1, 2009

Grim Reading for the New Year

Insolvencies to hit record level in 2009, warns KPMG

The number of people being declared insolvent next year is expected to climb to its highest level since records began almost 50 years ago, experts have warned. KPMG said numbers would surpass 150,000 next year as people struggled to meet the rising cost of living. The numbers just keep getting bigger.

Posted by sovietuk @ 07:59 PM (476 views)
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One thought on “Grim Reading for the New Year

  • Why save…??

    I swear… What I should have done is taken on massive credit card debt and then apply for ‘debt relief’.

    This kind of thing encourages extremely risky behaviour. What we should all do is bet big. If we win; fantastic! If we lose, just write off the debt.

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