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Bankrupt: Record Numbers Opt For Bankruptcy In 2007

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  • #1

    Bankrupt: Record Numbers Opt For Bankruptcy In 2007

    A record number of people in England and Wales asked to go bankrupt during 2007, according to official figures.

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  • #2
    Re: Bankrupt: Record Numbers Opt For Bankruptcy In 2007

    A total of 53,114 people petitioned to go bankrupt themselves after being unable to keep up with their debts, rather than have their creditors call for them to go bankrupt.
    The figure was just under 1% higher than the number of people who asked to go bankrupt in 2006, said the Ministry of Justice.
    But it was a 44% jump on the total for 2005 and nearly double 2004's level.
    #staysafestayhome

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