Family relationships can be crippled by bad debt

‘FINANCIAL pressures are prising Scots couples apart, leading estranged partners into even more crippling levels of debt, according to one of Scotland’s most prominent insolvency practitioners.

Accountant and business adviser PKF claims that debt burdens are leading to an increasing number of broken relationships, contributing to divorce rates that have been on the up for the past four years. The warning comes after figures reveal that the number of Scots being sequestrated - the Scottish term for bankruptcy - continues to soar to new record levels.

Recent statistics from Edinburgh Gazette, the publication of insolvency, indicates that some 6,084 are now being made bankrupt per year.’

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