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)
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5 thoughts on “Adviser warns levels could smash 150,000 in 2011

  • 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.

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  • GC, I can’t find any news articles relating to the 18 million you refer to, where did you get that figure?

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  • 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!

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  • GC, Thanks, I must have missed that. That is a pretty scary figure.

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  • Goodnight housing market and goodnight money supply, 60% of which is issued as mortgage debt. Hello deflation, or stagflation?
    N

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