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Female Bankruptcies Soar

attention has focused on high-profile bankruptcies like that of Brothers, new figures revealed by the Service show many are going bankrupt – and more and are women.

In the last 6 years amongst women have nearly fourfold. In fact now make up 40 per cent of all bankruptcies younger women under the age of 35 likely to suffer financial

The figures from the Insolvency revealed that last 23,173 women were bankrupt, up from only in 2002. With men the figure was that’s roughly 250 per cent than the 15,741 which declared bankrupt in 2002.

This means that six ago women made up 30 per cent of but by last year that had to 38 per cent.

In general, people between 35 and 44 are most likely to go But among women it’s the ones that are most at the 25 to 34 year olds.

The rapid of female bankruptcy is probably to both overspending when was too easy and their increased due to the growing numbers of them who have the support of family and It is clear that more are running up unmanageable debts as endeavour to maintain lavish They want to spend Victoria Beckham but simply have the income to repay the they run up. It’s tough as increasingly have to borrow to get on the property ladder and if they alone, there’s no one else to the financial

burden.

Overall, some licenced practitioners believe that among women would match levels amongst

But speculation by Government Ministers women are particularly vulnerable to made redundant was proved by the Office for National Statistics month.

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It said redundancy women is running at at half the of men, and more women are as a higher proportion of them in the public sector.

But the rise in bankruptcy suggests that are suffering for reasons beyond in jobs and pay. Social have repeatedly demonstrated divorce leaves men better off women, mainly because usually take the children.

But if a cohabiting couple break up, the man has no responsibility for the woman. And between and five million Britons

And a growing percentage of women decided to remain single to follow careers that may now be or because of a benefit system penalises couples but rewards mothers.

Most of us get into difficulty from time to and many of us rely on our families to us out. These bankruptcies women are a result of too many on their own without financial

Are you up to your eyes in debt and help? Take a look at the Management pages on Brokers We provide articles and information so you can find the right way to sort out problems.

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