15 March 2024Debt crisis bankruptcy surge
Dariusz Karpowicz, director at Albion Financial Advice, said: "The latest insolvency numbers hit like a gut punch, underscoring a brutal truth. With living costs skyrocketing, wages barely budging, and mortgage rates through the roof, the financial vice is tightening for many.”
He said the rise in Debt Relief Orders represents "a distress signal from individuals gasping for financial air".
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