Debt Secrets

The BBC reports here on the increasing number of insolvencies:

“More than 30,000 people became insolvent in England and Wales during the first three months of 2007, official figures show - a new record.

This is an increase of 23.9% on the same three-month period in 2006, the government’s Insolvency Service said.

However, the rate of increase in insolvency is starting to slow.”

Well the rate of increase may indeed be slowing but insolvency is still increasing. And this is not just some short term trend. The Read the rest of this entry »