Saturday, February 5, 2011
Adviser warns levels could smash 150,000 in 2011
Personal insolvencies soar to a record 135,000
Bev Budsworth, managing director of debt solutions provider The Debt Advisor, said: “2010 was another record-breaking year with personal insolvencies topping 135,000 and a further 800,000 on debt management plans.
Posted by novice pete @ 12:05 AM (1454 views)
5 thoughts on “Adviser warns levels could smash 150,000 in 2011”
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general congreve says:
Underneath the 135,000 and 800,000 there are apparently 18 million who are struggling to make ends meet after the 19th of every month, due to income/outgoings disparity. 18 Million! Fantastic news, with prices creeping up everywhere the pressure is building like a steam cooker. Very soon we are going to have a wave of debt defaults like has never been seen, then it’s goodnight housing market.
novice pete says:
GC, I can’t find any news articles relating to the 18 million you refer to, where did you get that figure?
general congreve says:
@2 – It was on BBC News yesterday, they interviewed the women from Insolvency News (or possibly another insolvency agency) and she quoted what I said above @1. Break out the champagne!
novice pete says:
GC, Thanks, I must have missed that. That is a pretty scary figure.
nickb says:
Goodnight housing market and goodnight money supply, 60% of which is issued as mortgage debt. Hello deflation, or stagflation?
N