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UK Personal insolvencies soar to highest level in three years
The number of individuals applying for insolvency jumped to the highest level in almost three years in the first three months of 2017, in a further sign the mounting financial pressure facing UK households. Personal insolvencies in England and Wales totalled 24,531 between January and March, up 6.7% on the previous quarter and 15.7% higher than the same period a year earlier. It was the highest number of individual cases since the second quarter of 2014, according to the Insolvency Service which published the figures. The rise comes at a challenging time for UK households, as incomes are squeezed by a combination of ... (full story)
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Beware of robber banks (RB), bad advisors.
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