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Female insolvencies hit record levels
Originally posted by 5corpio
Accountancy figures show that women now account for 48% of personal insolvencies – the highest proportion since 2007
The proportion of women hitting the financial buffers – by declaring themselves bankrupt or being made insolvent – has reached record levels, latest figures reveal. And debt-ridden females are being further squeezed by the recession, with a separate survey showing that one in four say they have been forced to reconsider or delay plans to have a baby as a result of the economic downturn.With world financial markets in turmoil amid fresh concerns that Europe's debt crisis might spark a global recession, the figures reveal the extent to which women have already suffered financially while being forced to make personal sacrifices as a result of the squeeze on their finances.
Analysis by accountancy firm RSM Tenon found that in the second quarter of 2011, 14,827 women were declared bankrupt, obtained a debt relief order or took out an individual voluntary arrangement. As a result, women now account for 48% of personal insolvencies – the highest proportion since the...Read more on this story--->Female insolvencies hit record levels | Money | guardian.co.uk
The proportion of women hitting the financial buffers – by declaring themselves bankrupt or being made insolvent – has reached record levels, latest figures reveal. And debt-ridden females are being further squeezed by the recession, with a separate survey showing that one in four say they have been forced to reconsider or delay plans to have a baby as a result of the economic downturn.With world financial markets in turmoil amid fresh concerns that Europe's debt crisis might spark a global recession, the figures reveal the extent to which women have already suffered financially while being forced to make personal sacrifices as a result of the squeeze on their finances.
Analysis by accountancy firm RSM Tenon found that in the second quarter of 2011, 14,827 women were declared bankrupt, obtained a debt relief order or took out an individual voluntary arrangement. As a result, women now account for 48% of personal insolvencies – the highest proportion since the...Read more on this story--->Female insolvencies hit record levels | Money | guardian.co.uk