Borrowers seeking bankruptcy reach record high
15 02 08 - 08:56 The number of British people seeking to declare themselves bankrupt rose to a record level last year.Figures released today by the Ministry of Justice show that 53,114 people petitioned in court to become bankrupt in 2007, up from 52,717 in 2006 — more than double the number of people who sought bankruptcy in 2003.
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People are a lot more likely to over-borrow than ever and the stigma of being bankrupt is far less at the same time.
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