DebtBytes UK - Bankruptcy, Insolvency, Simple IVA & Bank Charges News UK http://myvesta.org.uk/blog/export.xml UK IVA and bankruptcy focused insolvency advice column for people that are dealing with problem debt, money troubles or falling behind on the bills. This advice column will provide you with information you can use. For more information visit Myvesta UK at Myvesta.org.uk.

en-us http://backend.userland.com/rss Your Friends @ Myvesta.org.uk (stever@myvesta.org) myvestaukblog_archive.html UK Insolvencies Way Up, Again stever@myvesta.org 112543362160467488 Recent figures provided by the Department of Trade and Industry (DTI) show how markedly insolvencies have risen over the past 12 months.

In the second quarter of 2004 there were 11,255 insolvencies, of which 8,8779 were bankruptcies and 2,240 were Individual Voluntary Arrangements (IVAs).

In the second quarter of 2005 there were 15,394 insolvencies, of which 11,195 were bankruptcies and 4,199 were IVAs. This is an increase of 36.8% in overall insolvencies, 27.5% increase in bankruptcies and a 69.6% increase in IVAs. The number of insolvencies per quarter has risen every quarter since Q2 2003. All figures are seasonally adjusted.

Is there an end in sight, probably not? This is why Myvesta UK is so dedicated to helping people find good solutions to problem debts.

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