An increasing number of people will be forced to become bankrupt this year because more people are due to be made redundant.That is according to Ian Boden-Smyth, spokesperson for the UK Insolvency Helpline Debt Advice Service, the largest professional network of lawyers and accountants specialising in money advice in the UK.Mr Boden-Smyth claims that debt is being pushed "under the carpet" and that the arrival of credit card bills will mean more people will be seeking help from companies such as his.He said: "I think this year [January to March] will be one of the busiest quarters we have seen in many years."I think with the economy, rising unemployment especially in the public sector and high redundancies will mean we see a lot more bankruptcies and Ivas next year."According to research revealed by R3, 38 per cent of people in the UK struggle to make it to payday.Posted by Charles BakerCharles is a reputed financial analyst with almost decades of experience under his belt
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