Number of bankrupt British families hits record
AFP, February, 2006
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LONDON (AFP) — The number of British households declaring bankruptcy because of an unmanageable burden of debt hit a record high last year, according to official figures.
The total of 67,580 bankruptcies was 45 percent up on 2004 and the highest since the statistic began to be recorded 45 years ago.
Analysts warned the figure could hit 100,000 in the current year, a new rise of almost 48 percent.
Steve Treharne, head of personal insolvency at consultants KPMG, said Saturday: "The bankruptcy bubble is getting bigger, but seems unlikely to burst for some time yet."
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The number of households ...
