Increased number of people face bankruptcy

Recently released figures have shown that an increased number of people could be facing bankruptcy, with a rise in the number of people facing bankruptcy having already risen in the third quarter of the year. The figures show that there was a 7 percent increase in the number of people facing bankruptcy during the third quarter of the year, reflecting the effect of the global financial crisis on many household struggling to keep up with their financial obligations. [Read more]

Insolvency figures show unexpected fall

According to a recent report there has been an unexpected fall in insolvency figures in the second quarter of this year, with officials stating that consumers appear to be getting far more cautious over their spending and borrowing in light of the global credit crunch and the current difficult financial conditions and rising costs that most are experiencing. The first quarter of this year saw a rise in insolvency levels for the first time in years, and this was a trend that many thought would continue. [Read more]

Bankruptcies up 38 Percent

The economy has been faltering lately, but the news is not so new. Up until more recent developments, hundreds of thousands of Americans have been struggling to keep up with their debt payments, while their personal financial matters have been barely floating above ruinous water amidst such morose issues as extravagant gas prices, expensive food and consumables, utilities, car payments, and many more concerns that the average American deals with on a daily basis. [Read more]