Sun, Aug 07, 2005 - Page 11 News List

Record number of Britons going bankrupt

INSOLVENCY The latest figures show the level of personal debt in the UK is equivalent to the country's entire economic output in a year, and three times the national public debt

THE GUARDIAN , LONDON

IVA numbers were up 70 percent in the second quarter on the same period last year while bankruptcies were up 27 percent to 11,195. Both are record highs and together they make up the 15,394 of total personal insolvencies during the period.

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