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New figures from the Insolvency Service reveal that after a dramatic rise in bankruptcies claimed by British women in the past five years, women now account for 40 percent of those claiming bankrupcy in the UK. In 2000 there were 6,042 bankrupcy claims by British women; in 2009 there were 29,680. This is a 500% increase, with a 28% claim in the last year alone.
Debt management news round-up for the week beginning the 19th of July. Containing news of eurozone debt management strategies, the Irish government debt problems and are banks worsening the UK debt crisis?
Debt Management Agency of Hungary has sold less than the expected number of its Treasury bills, in an attempt to curb its national debt problems. Ireland by contrast has sold all of its available €1.5 billion of government bonds this past Tuesday, a day after its credit rating was cut by Moody's of Frankfurt. Elsewhere, Spain and Greece also each had success in selling their own Treasury bills, as they too seek effective debt relief solutions
Business Secretary Vince Cable has said the banks of Britain are "ripping off" their customers, in an interview with the BBC. As the debt problems of of UK customers facing repossession or claiming bankruptcy seem to only worsen...
Irish government debt bonds were today downgraded one notch by Moody's ratings agency. A worsening economic forecast for Ireland, a need for massive debt reduction of its sizeable financial burden and a faltering banking system...
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