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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`

Consumers should not be "complacent" over finances

24/01/2008

Consumers should be "smart" and "savvy" with their personal finances to avoid debt problems which could lead to bankruptcy, an industry expert and television personality has claimed.

People should not be "complacent" about their finances, despite the rumours of an interest rate cut on the horizon, Channel 4 presenter Cesarina Holm-Kander stated.

If they do, then serious financial problems - such as a taking out an Individual Voluntary Arrangement or applying for bankruptcy - could occur.

Ms Holm-Kander said: "People just need to get very proactive. A lot of people are scared about personal finance and there`s absolutely no reason to be. Just get smart, get savvy and get informed."

Research by Your Money Matters found over a quarter of UK consumers believe that the value of the pound will plummet putting us in prime position for a full-blown recession.

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