Credit crunch: Bankruptcy applications rise 7% in third quarter (Guardian Unlimited)

November 23, 2008

Credit crunch: Bankruptcy applications rise 7% in third quarter

The number of people applying for bankruptcy increased by 7% during the third quarter of the year, figures showed today, offering further evidence of the impact of the financial downturn on consumers. A total of 13,653 people in England and Wales petitioned for bankruptcy in the three months to the end of September, 7% more than during the same period of 2007 and 1% more than during the …

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