Bankruptcy reaches record levels as debt ’spins out of control’
‘A RECORD number of Scots are declaring themselves bankrupt, prompting warnings from finance experts that Scotland’s debt crisis is spiralling out of control.
A total of 1,461 people declared themselves bankrupt north of the Border in the three months until October - up from 1,307 in the previous quarter.
With eight weeks still to go, the number of those declared insolvent so far in 2005 has already outstripped the total for the whole of 2004.’
Read more at Bankruptcy reaches record levels as debt ’spins out of control’
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