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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:The day will be very windy with strong to gale force westerly winds becoming occasionally severe along the north coast. Sunny spells will be interspersed with scattered showers. Maximum temperature 8 °C.Tonight:West to northwest gale force winds, severe along the north coast, will continue overnight. Frequent showers persist, merging into longer periods of rain at times and turning wintry. Minimum temperature 1 °C.
