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Staying in is the new going out

Dealing with financial difficulties can be very stressful.

Despite the strain, it is worth remembering that managing debts can be easier than it seems at first. By talking to a professional, you will get a clear picture of where you are with your money. They can also help you to get out of debt completely. (more…)

Category : Insolvency news,Personal Insolvency — Tags: , , — admin @ 11:30 am October 28, 2009

Debt management could aid Britain’s recession recovery

The level of personal debt in Britain has fallen for the first time since records began in 1993, the Bank of England confirmed this month.

Despite this silver lining, the National Institute of Economic and Social Research (NIESR) predicted that the recession will continue until at least 2010. In addition, R3, the insolvency trade body, has suggested that while other European economies may already be emerging from the recession, Britain’s economy could be left behind. This is largely because of the mountain of cumulative consumer debt. Many consumers found themselves in difficult financial circumstances when the recession began last year. (more…)

Category : Corporate Insolvency — Tags: , — admin @ 12:56 pm September 24, 2009

Personal Insolvency hits new high

Over 33,000 personal insolvency cases were recorded in the second quarter of 2009, an all-time high in England and Wales.

Records show a rise of 9% on the first three months of this year, a 27% increase on the same period of the previous year. (more…)

Category : Insolvency news,Personal Insolvency — Tags: , , — admin @ 10:35 am September 1, 2009