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Debt in Swindon `on the rise` New debt management option "a positive step" Consumers `should get advice over IVAs, bankruptcies and DROs` Women `less likely to file for bankruptcy` Councils `filing for bankruptcy for those who fail to pay tax` Consumers lying about finances Rise in bankruptcies revealed Scottish bankruptcies on the rise, new figures suggest Borrowers `accruing more debt before seeking IVAs` Bankruptcies `high in south-west` Landlord bankruptcy enquiries `on the up` Increase in bankruptcy figures for another CAB Bankruptcy "best option" for some households 90% "choosing to `jump before they were pushed`" R3: Bankruptcies and IVAs to rise over next 12 months Insolvencies rise for automotive companies Fuel price hike sparks bankruptcy fears London bankruptcies have "quadrupled" Government department identifies fall in bankruptcy levels Insolvency figures `hide true extent of debt problems`

Fuel price hike sparks bankruptcy fears

03/07/2008

Increases in fuel prices have led to some companies fearing bankruptcy, according to comments made in the Guardian.

Hauliers protesting against rising petrol prices in London this week have said their fuel costs have increased significantly this year.

"[Fuel price rises] are costing my company between £500 and £600 more per week since January. We`re only a small family company and we`ve passed some of our costs to our customers, but we can`t do it any more," lorry owner Manny Brookes told the newspaper.

Today it was reported the price of Brent crude oil has hit a record high of $145.75 (£73.30) a barrel.

Oxford business owner Steve Radvand told the Guardian his expectations for the future. "What will really happen is either we`ll all go bankrupt, or we`ll fold up the business before we can go bankrupt. That way, generations of hard work will all go to waste, and what will we do then?" he said.

Yesterday a section of the A40 Westway was closed to allow lorry drivers to protest against the increase in fuel costs.

More than 4 million fear they`ll be made redundant 16/12/2010 - According to R3`s quarterly personal debt tracker, more than 4 Consumers took on more mortgage debt in July 26/08/2010 - Consumers took on £2bn more mortgage debt than they repaid Debts called in by parents 26/08/2010 - According to research, `the bank of Mum and Dad` is Teenagers `scared of debt` 19/08/2010 - Nearly two thirds of teenagers are `scared` of debt, according