Home > News > Bankruptcy

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`

Children `get lessons in avoiding insolvency`

18/07/2007

Children in the UK are set to receive a visit from members of the Association of Business Recovery Professionals, R3, as part of their financial lessons, it has emerged.

It is hoped that R3 - which represent more than 90 per cent of insolvency practitioners in the country - can help raise awareness among young people about the importance of debt management, Creditman reports.

Teenagers between the ages of 16 and 18 who are studying GCSEs, AS and A-levels in financial capability will be taking part in the pilot programme, which begins in the autumn.

"In the modern world, financial education is vital. Financial products are becoming increasingly complex, yet the level of knowledge and comprehension remains the same," said spokesman for the project Tony Supperstone, according to the news provider.

"We have a duty to support our young people to understand the financial world, to help them make the best choices and avoid the pitfalls that so many people are currently falling into."

Recently, the government announced that it would raise the importance of financial education within the national curriculum.

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