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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`

Repossessions `can happen quickly`

03/04/2008

Houses can, in some cases, be repossessed a mere three months after creditors send the first warning, according to a major trade body.

As the number of people applying for bankruptcy increases, the amount of repossessions - due to not keeping up with mortgage repayments - is also set to increase, the Repossessions Advice Centre (RAC) stated.

It claims that banks and lenders are clamping down on those unable to pay mortgage instalments and will act quickly.

However, David Warnes, director of the RAC, said courts will look to help those being repossessed.

Mr Warnes added: "The courts have an understanding that if they can mediate and keep people in their homes then that`s what they will try and do."

A recent study by the Royal Institution of Chartered Surveyors predicted that 123 homes a day will be repossessed in 2008.

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