www.iva.co.uk

Hi Everyone,

At the moment there has been a lot of mention about the global credit crisis and the extortionate cost of living as it stands today.
We have had the Northern Rock Fiasco and a Prime Minister who wants to SQUEEZE!!! every last penny out of us while some people are trying to pay their Mortgages , Rent and other costs which have gone up 2 fold such as fuel, council tax, food.
You name it it has all increased.

My Question is that we keep getting statistics about Repossesions and the State of the Pound against the Euro.
The statistics WE DO NOT SEE!!! is the amount of people in the UK
who are now having to go through Bankruptcy or an IVA through Personal Debt.
Everyday all i see is more and more people who are sick to death of struggling on paying their way and getting nowhere and having to opt for Bankruptcy or an IVA.
Everyday the CAB and Debt Companies are inundated with loads of people who are having to go down this route for a DMP,BANKRUPTCY,IVA and
we are told by the government that everthing is on course and sound.

What are the statistics for Personal Insovencies as i reckon it is well on the increase and must be Millions.

It will be interesting to see when the next figures come out.

I see that some finance companies are still advertising on TV and encouraging people who have CCJ's, poor credit history etc to take out loans. It is about time tighter control was put on these companies. I know that we can say no, but a lot of people are easily persuaded (I was one of them) to take out loans to pay off other loans. It never happens, and you just end up deeper in debt.

Hi Andrew

Th information you are looking for can be found at

http://www.insolvency.gov.uk/otherinfor ... csmenu.htm

New Insolvency figures have been released today.

http://news.bbc.co.uk/1/hi/business/7378183.stm