In response to the latest Insolvency Service figures, financial solutions company Think Money says bankruptcy is still the best option for some people in debt, despite a sharp fall in take-up figures.
It says bankruptcy can be the most appropriate solution for people who really can't afford their debts.
The insolvency figures for the third quarter of this year show overall insolvencies dropped by 11% compared with the same quarter a year earlier, largely owing to a 32.1% drop in bankruptcy orders over that time.
Read the rest of the article at Easier Finance
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