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16/01/2012
NI Bankruptcy Soars
It has been revealed that more than four people a day have declared themselves bankrupt in Northern Ireland since April.
According to a statement by Enterprise Minister Arlene Foster during the financial year from April to January 10 there have been 1,164 bankruptcies. That compares to 906 in 2007/8.
The Minister said that those filing for bankruptcy range from homeowners to large property developers who owe in the region of £100m.
It is understood that the main reason for this is relief of debt and stress and more and more people are viewing bankruptcy as the way out of sticky financial situations.
(LB)
According to a statement by Enterprise Minister Arlene Foster during the financial year from April to January 10 there have been 1,164 bankruptcies. That compares to 906 in 2007/8.
The Minister said that those filing for bankruptcy range from homeowners to large property developers who owe in the region of £100m.
It is understood that the main reason for this is relief of debt and stress and more and more people are viewing bankruptcy as the way out of sticky financial situations.
(LB)
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Northern Ireland WeatherToday:It will be cloudy again throughout the day. Mainly dry in the morning, but patchy drizzle in places, becoming more widespread and persistent in the afternoon. Freshening southwesterly winds. Maximum temperature 12 °C.Tonight:Cloudy with a spell of heavy rain pushing south through late evening and the early hours, followed by some clear spells. Minimum temperature 6 °C.
