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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`

"Real danger" bankruptcy rates will continue to rise

06/05/2008

There is a "real danger" that the effects of the global credit crunch may mean many more Britons than normal will face bankruptcy in 2008, an industry expert has claimed.

As debt problems mount, personal debt - combined with tightened lending criteria - may mean more people than ever before seek professional debt advice during the remainder of the year, ADDIDI Wealth stated.

Anna Sofat, founder of the wealth management company, said that the financial industry was preparing for many cases of financial woe to occur in the next few months as the credit crunch continues to bite.

Ms Sofat added: "Last year there were already more people declaring themselves bankrupt or having voluntary arrangements with their debtors and I think that will increase this year."

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