Tuesday, 1 April 2008

Bankruptcies Heading Up

New figures have shown that the number of people becoming bankrupt in Wales has doubled in six years.

Apparently, in the year 2000 just over 1,000 bankruptcy orders were made in Wales.

Figures up to the end of 2006 show that there have been in excess of 2,000 bankruptcies.

The Welsh Centre for Credit Counselling has seen debt inquiries grown from 1,000 a year to 6,000 in 2007.

If this trend continues across the UK standby for trouble. Remember, he who shouts loudest gets paid first, take action, NOW.

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