Statistics recently produced by RSM Tenon suggest that the level of Personal Insolvencies in the North West could reach the 18,000 mark this year. This would be a 12-16% increase on last year’s figures.
It is understandable that individuals are struggling to cope with the financial pressures of the current economic crisis, however people may not realise that filing for bankruptcy is not the only option. There are a range of options available for those suffering financial difficulties.
If you are an individual struggling to cope with your finances please feel free to contact us for an informal discussion about the range of options available to you.