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Those in insolvency 'often harassed by creditors'



A considerable number of people who are going through formal insolvency procedures are harassed by their creditors, it has been suggested.

According to insolvency trade body R3, nearly a third (31 per cent) of such individuals are still being contacted by those they owe money to.

Responding to the findings, president of the organisation Steven Law said either creditors need to update their records more often or they need to "play by the rules".

He went on to note the decision to file for bankruptcy is a difficult one. Once it is taken, it is supposed to stop communications from the firms that consumers are in debt to.

Mr Law remarked: "That such a large proportion of bankrupts are not afforded the peace of mind they are entitled to is of grave concern."

R3, which is a professional association for insolvency, business recovery and turnaround specialists, is calling for a 'single gateway' into personal insolvency to stop situations in which debtors begin one type of procedure only to discover they were poorly advised and are better suited to another.
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