With the turmoil on the stock markets and the crisis in the Eurozone there is a lot of talk about the world slipping into another recession in the near future. It should not be forgotten, however, that there is still a massive debt problem in the UK which is happening right now as you read this post.
Payplan have released a shocking video which shows the true extent of the debt problem in the UK. Please take a look.
Source: Payplan – IVA and Free Debt Management Plan provider.
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In regards of IVA, I notice a discrepancy with the Insolvency Stats. have a look at
http://iva123.co.uk/news/158/insolvency-regional-statistics-years-2000-2009