Fewer bankruptcies since the beginning of the financial crisis

OLYMPUS DIGITAL CAMERAAccording to recent figures released by RSM Tenon, the number of individuals declaring themselves bankrupt have reduced since the financial crisis. RSM Tenon, a firm of accountants and business consultants, has suggested around 25,000 borrowers resorted to insolvency to resolve their debt problems in the first three months of 2013. Bankruptcies are down by 16% on 2012 and are now at their lowest level since early 2008. Financial experts believe the report is encouraging, as it revealed full bankruptcies fell by ...