Concern raised over rising number of bankrupt pensioners

Bankruptcy is rising amongst the elderly. More people who are passed the working age are becoming insolvent. The number of pensioners becoming bankrupt is growing, causing concern amongst campaigners and experts. Figures revealed by the UK Insolvency Service showed that bankruptcy has risen in the past decade with more 35 to 44-year-olds affected than any other age group. However, they also highlighted that pensioners are the fastest growing group of bankrupts according to their statistics. Una Farrell, of the Consumer Credit Counselling Service (CCCS) said: "Dealing with debt is particularly hard as you get older as you are likely to have limited opportunities to increase your income".