With the economy in the UK continuing to take a battering, and with many people continuing to struggle with their finances due to debt levels and job losses, it is little surprise that many people have found themselves having to look at insolvency as the only way to get themselves out of a financial mess. Read the rest of this entry

A report that was recently released by KPMG claims that the number of people that face insolvency over the course of this year could soar to record levels, as the global credit crunch coupled with the recession and huge job losses wreak havoc across the nation. Read the rest of this entry

At the end of last year and the start of this year there was a great deal of speculation over how consumers would manage their debt problems given the effects of the global credit crunch, the increase in living costs and bills, and higher mortgage costs, coupled with reduced availability to finance. It was predicted by many industry officials that insolvency levels would continue to rise over the course of this year, as more and more people walked away from their debts because they could no longer cope with their repayments. Read the rest of this entry

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 the rest of this entry