Property News · February 8, 2014

When you owe a fresh start to being declared bankrupt


For many, insolvency is a way out of spiralling debt problems and a way to secure a better futureWith spiralling debt after 10 years of borrowing, Paul Broderick was approaching 30 in 2006 when he quit his local government job and a few months later went bankrupt.”I’d been indoctrinated into the debt culture at uni,” he says. “It was credit card after credit card, instant approvals, thousands dropping through the letterbox. I believed I was going to pay it all off. By the time I got to my late 20s, I realised what I wanted from life but couldn’t do any of it because I had more than £27,000 of debt around my neck.” Continue reading…

Source : theguardian.com
Read more…When you owe a fresh start to being declared bankrupt

You may also like...