'Bankruptcy stigma lessening' by Finance News Bulletin
Published: 20/12/07
Moving accounts from one bank to another is "simple", according to the British Bankers' AssociationThe value of Christmas presents can "significantly" have an effect on home contents insurance, warns NFU MutualAxa is launching My Budget daylight hours on November 21st in an attempt to encourage people to take control of their financesinsolvency is "becoming more and more edible" to those in serious debt, according to Thomas Charles
The debt consultancy information that although claiming to be bankrupt can seem like a good answer for people in the short-term, there are other options such as individual voluntary arrangements which reduce the risk of losing their houseIt claimed that the stigma surround bankruptcy is lessening and becoming more communally acceptableJames Falla, managing director of the consultancy, commented: "I think the shame around debt, to be honest, is becoming less and lessAccording to new research by Thomas Charles and YouGov, 15 per cent of Britons are in serious money owing - £10,000 or more
Overall, men were found to be in more debt than women but the study found that this male approach was changingIt also claimed that a quarter of Britons will keep away from spending on credit cards over Christmas
Visit original article: