Bankruptcies in Scotland Soar by 50 Per Cent, but Worst Is Still to Come
The Scotsman › February 04, 2006
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Summary
PERSONAL bankruptcies in Scotland hit a record high last year, new figures showed yesterday, and insolvency experts warned the worst could be yet to come.
The number of Scots sequestrated - the Scottish legal term for bankruptcy - surged more than 50 per cent during 2005, but tens of thousands more could be struggling under a huge debt mountain.See the full content of this document
Extract
Bankruptcies in Scotland Soar by 50 Per Cent, but Worst Is Still to Come
The data came as further statistics showed the number of properties being repossessed in the UK rose 70 per cent, as borrowers fell behind on repayme...
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