Friday, August 6, 2010
Things can only get worse!
The number of people declared insolvent has risen as the credit crisis marks its third anniversary. A total of 34,743 people were declared insolvent during the three months to the end of June, 5 per cent more than during the same period a year earlier, according to the Insolvency Service. The figures are lowered than the previous quarter, but experts suggested worse is to come as public spending cuts come into effect.