Business Recovery and Insolvency Practitioners

NEWS: Launch of our new personal debt service

Added: 13/02/2006

2006 appears to have got off to a shaky start for many individuals. Throughout January there has been an abundance of reports in the media of consumers struggling under their burgeoning debts as the ‘buy now – pay later’ culture catches up with them.

The number of individuals being made bankrupt increased by 45% during 2005 and recent industry predictions forecast that 100,000 individuals will be subject to formal insolvency proceedings during 2006.

However, this ‘debt crisis’ is being played out against a backdrop of aggressive marketing as the ever hungry high street desperately attempts to coerce us into continuing our spending spree, which leaves many individuals in an uncomfortable position where they are torn between the lifestyle they are accustomed to and the reality of their financial position.

To make matters more difficult for the penniless consumer, the road to recovery is often a treacherous path, with many a charlatan along the way looking to profiteer from his or her circumstances; and whilst there are many voices discussing the debt problem, there are few that discuss the solutions.

At Poppleton & Appleby, we have been dealing with personal insolvency for many years but are now proud to have launched www.pandadebt.co.uk, a dedicated personal insolvency service designed to provide quick and effective solutions for individuals struggling to cope with their debts.

From the 21 year old graduate seeking employment to the 50 year old earning £45,000 per year, we are aware that debt problems affect all segments of society and contrary to the general perception, borrowing more money to consolidate debts is rarely the most effective solution

If you have a debt problem, or you know someone who does, click onto www.pandadebt.co.uk or call 0161 834 7025 for a free assessment and what could be the first step to financial recovery

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