Credit crunch ‘could cause insolvencies’
18th November 2007
The amount of individuals being declared insolvent could increase as a long-term trend due to the credit crunch, it has been warned.
James Ketchell, spokesperson for financial charity the Consumer Credit Counselling Service, notes that it typically takes some time for debts to reach an untenable level.
This could mean there is still time for Britons facing [...]
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