Friday, November 6, 2009
How much longer can house prices defy gravity
A record number of people were declared insolvent in England and Wales in the third quarter of 2009, according to figures from the Insolvency Service. There were 35,242 personal insolvencies, up 28% from the same period last year and an increase of 6.6% on the previous three months. This extended the record number recorded earlier this year................businesses going bust in the third quarter of the year was still 14.6% higher than the same period a year ago.