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UK INSOLVENCY PRACTITIONERS PREDICT RISE IN PERSONAL INSOLVENCIES IN 2011

Topic: Business Coach and Business CoachingPublished January 19, 2011

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UK Insolvency Practitioners, Moorfields Corporate Recovery are warning there could be a rise in the number of personal insolvencies in 2011. rnHousehold incomes have remained broadly static, but the basic cost of living has increased with food prices alone being over 4% higher than last year. rnIn addition, the January VAT increase along with the public sector cuts will only serve to push those families that are already struggling to pay their existing debts into further difficulty and possibly insolvency. rnThe fall in UK house prices are predicted to continue in 2011 which will also come as unfortunate news for homeowners. rnIf you feel your personal finances are suffering and would like some independent advice please contact Moorfields, UK Insolvency Practitioners on 0208 528 1575.

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