Sharp rise in bankruptcy numbers in Derbyshire

NATIONAL debt charity Consumer Credit Counselling Service (CCCS) has expressed concern about the sharp rise in bankruptcies in Derbyshire over the last ten years.

Figures obtained by the charity from the Insolvency Service found that the number of people going bankrupt in Derbyshire has gone up from 6.2 per 10,000 people in 2000 to 19.1 per 10,000 in 2009.

The charity said it fears that the rate of bankruptcies will continue to rise in Derbyshire over the next few years as the economic downturn continues. It says that pressures such as high inflation, redundancy and wage freezes continue to squeeze household budgets and that many people across the Derbyshire remain financially vulnerable.

CCCS debt expert Delroy Corinaldi says: “The rise in the rate of bankruptcy in Derbyshire over the last ten years is alarming.

“Anyone in Derbyshire who is concerned about their debts to seek advice and support from a debt charity such as CCCS or their local Citizens Advice Bureaux as soon as they realise they have a problem. The sooner you seek help, the less the likelihood that the outcome will be bankruptcy.”

CCCS has produced a free online guide for anyone wanting to know more about bankruptcy and what it involves. It can be downloaded at: Bankruptcy info.