Thursday, November 09, 2006

ICAS Warns of The Dangers of Debt

The Institute of Chartered Accountants of Scotland (ICAS) has warned of the dangerous rise in debt and bankruptcy.

In England and Wales there has been a 55% increase in personal bankruptcy from last year, and a 118% increase in the number of people taking out IVAs (individual voluntary arrangements).

Part of the problem, according to ICAS, is that in England and Wales debt consolidators are allowed to aggressively advertise and market debt relief products.

To read the full article visit ICAS.

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