Help Sitemap Home Skip Navigation Contact Us Disability Statement

Endinburgh Council
 
 
Wednesday, 4th November 2009 Change Date Latest Issue

£1.4 billion bad debt written off

Click on thumbnail to view image
Click on thumbnail to view image
Click on thumbnail to view image
Click on thumbnail to view image
Click on thumbnail to view image

Published Date: 29 December 2006
A RECORD £1.4 billion of bad debt was written off by creditors in 2006 as a result of individual voluntary arrangements (IVAs), according to figures released today.
Professional services firm KPMG estimated that this year saw around 110,000 people become insolvent - the first year the total has broken the 100,000 barrier.

Of those, around 45,000 people opted for an IVA as opposed to bankruptcy.



Page 1 of 1

  • Last Updated: 29 December 2006 10:03 AM
  • Source: Edinburgh Evening News
  • Location: Edinburgh
  • Related Topics: Consumer debt
 
1

bill, england,

29/12/2006 13:55:59

I hope these people are not allowed to take out loans ever again; we've bailed them out once, that's more than enough. Crooks.

2

Messalina,

29/12/2006 17:36:09

You think they could write mine off?? Please???


 

Comment on this Story

 

In order to post comments you must Register or Sign In

 
 
RSS Feed of this article's comments
Delivery formats: RSS, Atom, Javascript & Email
 
  

 
 


Sister Newspapers:
Press Complaints Commission

This website and its associated newspaper adheres to the Press Complaints Commission’s Code of Practice. If you have a complaint about editorial content which relates to inaccuracy or intrusion, then contact the Editor by clicking here.

If you remain dissatisfied with the response provided then you can contact the PCC by clicking here.