Citizens Advice warns people are at risk of “spiralling into debt”
More people were unable to pay their debts in Bedford in 2022, new figures show.
The figures come as Citizens Advice warns people are at risk of “spiralling into debt” amid the cost-of-living crisis.
A person becomes insolvent when they are unable to pay their debts and are left with a choice of declaring bankruptcy or taking on measures to pay them back.
New figures from the Insolvency Service show there were 376 personal insolvencies in…
Read the full article at: https://www.bedfordtoday.co.uk/news/people/cases-of-personal-insolvencies-rise-in-bedford-4100964