Christmas bills herald sharp rise in debt and bankruptcies
Submitted by Glasgow on 3 January 2008 – 2:05 pmNo Comment
The spending binge over Christmas looks likely to be followed by a big rise in personal insolvencies, falling house prices and debt problems for a quarter of the population, it emerged yesterday.
Accountants Grant Thornton warned that excessive Christmas spending will account for up to a third of all the people who declare themselves bankrupt in the first three months of this year.
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