August 2010

Number Of Women Going Bankrupt On The Rise

Debt Advice Foundation is urging women with debt problems to seek help and advice, after new figures revealed the number of insolvencies among females in the UK has soared over the past decade.

Research by the Insolvency Service shows that the number of women being declared bankrupt increased from 6,042 in 2000, to almost 30,000 in 2009. The research figures indicate that around two thirds of the women made bankrupt last year were aged between 25 and 44.