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More than 4 million fear they`ll be made redundant Consumers took on more mortgage debt in July Debts called in by parents Teenagers `scared of debt` Rising household costs could pressure people in debt Pensions debt may impact workers` retirement funds Welsh young adults `at highest risk of debt problems` Over 50s can`t afford to enjoy retirement because of debts Budget: tackling the nation`s debt Short-term debt: `no need for price control` The cost of clearing debt Education debt Tackling the national debt Number of mortgage deals on offer exceeds 3,000 Almost 5 million take on debt to pay household bills OECD: household debt more than 120% of disposable income Petrol price falls help people in debt Amount of mortgage debt taken on at lowest level in ten years Northern Ireland sees significant IVA rise Overdraft debt `becoming more expensive`

Debt news: 100 Scots to go bankrupt every day in 2010

06/01/2010

According to accountants and business advisers Pannell Kerr Forster (PKF), around 100 Scots will go bankrupt every working day throughout 2010, scotsman.com reports.

PKF states that `unemployment and the possibility of rising interest rates will tip a total of 24,000 people into financial ruin in 2010` as they struggle to make their debt repayments.

Meanwhile, in the last three weeks running up to Christmas, 2,212 Scots were made bankrupt due to unmanageable debts.

Bryan Jackson, corporate recovery partner with PKF, said: "It is to be hoped many Scots will start the year as they mean to continue and seek to reduce their debts and ease their financial problems."

A spokesperson for Debt Advisers Direct commented: "The figures from PKF show that huge numbers of people are struggling with unmanageable debt, and this highlights the importance of seeking professional debt advice as soon as it becomes clear that there`s a problem."

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Debt Advisers Direct offer free debt advice and a range of debt solutions, including debt management plans, debt consolidation loans and IVAs (Individual Voluntary Arrangements).

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