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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`

Homeowners `risk bankruptcy with lack of insurance`

24/01/2008

Almost one in every five homeowners have not taken out any building insurance policies - a decision which could lead to bankruptcy if severe damage occurs to their property, new research suggests.

Nearly a quarter of those polled by Nationwide said that they had insurance but were unsure what it actually covered them for.

The research found that 21 per cent estimate the contents of their house to be worth between £10,000 and £20,000 - a total which uninsured could lead towards bankruptcy trying to replace.

Nationwide`s insurance director Robin Bailey said: "It is surprising that so many people are prepared to take such a gamble on their homes and personal belongings when you consider how much time and money we all invest in our homes.

"You never know what is around the corner and for that reason, it is vital that people are prepared by having adequate insurance."

Recent research from Abbey found that the recent storms caused one in ten homeowners to consider claiming on contents insurance.

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