Bankruptcy Is On The Rise For The Middle Class

Bankruptcy and debt problems are at an all-time high for the middle class. Parents in particular are seeing a large increase in debt levels and insolvencies because of the high costs of raising children. The average cost of raising a child is £27.50 per day from birth to the child being 21 years of age.

The debt problems of many also stem from high divorce rates and redundancy levels being heightened.

On average over 450 people every month become unemployed for a period of 12 months or more and 337 people every day will be declared bankrupt or insolvent.

Debt worries are exacerbated for the middle class as a typical family face a £1500 drop in income because the wage increases cannot compete with the rising cost of living The highest rate of insolvencies remains among people who receive benefits, but the rise in debt problems, bankruptcy and insolvency among the middle class is very concerning.

If you are currently considering bankruptcy or have debt worries, contact Debt Release Direct on 0800 019 7465 for debt advice.

Debt Release Direct

From time to time, many of us experience problems concerning debt management and find ourselves in need of debt help or simple debt advice. If you find yourself in a similar situation, it pays to speak to a professional, and fast, because getting the right advice and taking action can prevent debt management issues from escalating further.

Debt Release Direct is part of Release Money Group, and ensure suitability of advice by having qualified debt experts available to advise you. For debt help and advice regarding debt management and debt consolidation, Debt Release Direct provide high quality, professional guidance and effective debt management plans and solutions. We are proud of the financial services we deliver; and we're confident that you could benefit greatly from our assistance.

As a founding member of the Debt Resolution Forum (DRF), Debt Release Direct are helping to promote professional debt management standards and are spearheading the adoption of the professional Cert-DR qualification in debt advice. Our debt advice and professional debt services are available through face to face, telephone, or online communication, and our experienced, friendly and helpful team are standing by to provide expert debt management and debt consolidation information; and support you in strictest confidence, with no obligation.

If you qualify to write off unsecured debt in an IVA, we refer you to our in-house insolvency practice Varden Nuttall Ltd, which is the UK's top-rated insolvency practice by customers on IVA.com and in top-3 2010 lists by creditor representatives TIX and KPMG.

Debt Solutions : We Can Offer...

Debt Release Direct is an appointed representative of Release Money Limited which is authorised and regulated by the Financial Services Authority for mortgage and insurance mediation services.

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