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LATEST NEWS & EVENTS Those at risk of insolvency 'may be hiding problems from partners'  Consumers at risk of entering into insolvency may be hiding their problems from those closest to them. New figures from the Post Office suggest that more than one fifth of people are hiding their levels of debt from their partners. According to the organisation, 21 per cent of Britons currently in debt are lying to their other half concerning the amount of money they owe. In addition, one in eight are said to be turning to alcohol to cope with the stress arising from the secrecy of their difficulties. Responding to the findings, Donna Dawson, psychologist specialising in personality, behaviour and relationships, said: "Hiding the extent of debt from a partner or family member may give us a false illusion of control or independence, but the reality is that our mental and physical health suffers." Consumers should be open and honest about their financial issues and should seek advice from the very beginning, she added. Recently, Ian Boden-Smyth, spokesperson for the UK Insolvency Helpline, predicted that the UK could be in line for a rise in personal insolvencies. Rick Munro, partner in charge of debt recovery at Lamport Bassitt, said: "Whilst it is understandably difficult to face up to debt problems, the best advice I can give is to be as open as possible with family and friends and to seek help as early as possible. "The sooner the problem is addressed the more options available and the more sympathetic creditors tend to be." 
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