The Wise Steward: Debt Reduction

Rising debt spurs bankruptcy warning

According to thisislondon.co.uk holiday excess is expected to drive record numbers of UK shoppers to bankruptcy this year, prospects are likely not much better in the US.

A FRESH alert over consumer debt was sounded today as experts warned more than 5,000 people will go bankrupt by the end of January.

Accountants Grant Thornton said the New Year is likely to see record numbers of personal insolvencies, fuelled by people amassing excessive debt on credit and store cards over the holiday.

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