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Year-on-year 14% rise in personal insolvencies in Wales – BBC News

Year-on-year 14% rise in personal insolvencies in Wales

  • 17 October 2017
  • From the section Wales

CashImage copyright
PA

Image caption

Spiralling debt has led to “record numbers” of people seeking help, says a charity

The number of people declared insolvent in Wales rose by more than 14% last year, latest figures reveal.

The increase prompted stern warn…

Read the full article at: http://www.bbc.co.uk/news/uk-wales-41629307

Category: BankruptcyBy Insolvency GuardianOctober 17, 2017

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Year-on-year 14% rise in personal insolvencies in Wales – BBC News

CashImage copyright
PA

Image caption

Spiralling debt has led to “record numbers” of people seeking help, says a charity

The number of people declared insolvent in Wales rose by more than 14% last year, latest figures reveal.

The increase prompted stern warnings from debt advice groups, who said their debt caseload was at “record levels”.

Citizens Advice Cymru said they were concerned about debt levels among the 18-25 age group in particular.

The figures show regional variations across Wales, with Merthyr Tydfil’s insolvency rate more than double that…

Read the full article at: http://www.bbc.com/news/uk-wales-41629307

Category: BankruptcyBy Insolvency GuardianOctober 17, 2017

Post navigation

PreviousPrevious post:The Debt Panel: ‘I left the UAE without paying Dh170,000 in loans but the banks won’t help me return’ – The National (blog)NextNext post:Year-on-year 14% rise in personal insolvencies in Wales – BBC News

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