Lamport Bassitt Solicitors - Legal News - Personal finance knowledge could help people avoid insolvency?


	LATEST LATEST LEGAL NEWS ARCHIVE		LATEST NEWS & EVENTS Personal finance knowledge could help people avoid insolvency? Consumers could lower their risk of falling into financial problems, potentially including insolvency, if they had a greater understanding of financial issues. This is according to the Consumer Credit Counselling Service (CCCS), which made its remarks in time to coincide with Money Week. The organisation, which operates as a charity and aims to provide free, impartial and realistic advice to those experiencing money troubles, urged people to fill in the gaps in their knowledge of financial matters. Spokeswoman for the CCCS Frances Walker stated: "Managing your money efficiently is important for both short and long-term happiness." She went on to claim that, during a recession, no one can afford to ignore the issue of money management. Taking control of finances can help people stave off a debt problem in the future, the representative added. The CCCS recommended that consumers use its free online service to help them enhance their understanding of money issues. Related Articles: 24/8/2009 - Bankruptcies 'on the rise in the UK' 20/10/2009 - Business failure increase 'set to end' 23/10/2009 - "All different types" of firms at risk of insolvency 16/9/2009 - Directors' duties "intensify" when a firm faces insolvency 3/11/2009 - Someone declared insolvent in UK every few minutes More Insolvency & Restructuring News