Lamport Bassitt Solicitors - Legal News - Those undergoing bankruptcy 'should have bank account access'


	LATEST LATEST LEGAL NEWS ARCHIVE		LATEST NEWS & EVENTS Those undergoing bankruptcy 'should have bank account access' News of a report launched by Citizens Advice might be noted by consumers seeking insolvency and restructuring advice. The charity summarised its concern that many people subject to bankruptcy are often not being given access to a basic, zero-credit bank account. According to the organisation, two out of 17 banks offer such deals to customers who have recently been made bankrupt. Furthermore, the group observed that the rate of people having such financial troubles went up from 21,500 in 2000 to 75,000 in 2009. Gillian Guy, chief executive of Citizens Advice, stated: "Great progress has been made in improving access to bank accounts for many groups who were previously financially excluded, yet there are still groups, such as undischarged bankrupts, who struggle to open even a basic bank account." Previously, a study by the University of Birmingham for Age UK revealed that many people are releasing equity as a means of paying off debts. Posted by Mark Phillips Related Articles: 8/5/2012 - More companies fail as personal insolvencies fall 23/4/2012 - Landlords and insurers unite behind insolvency law reform 19/4/2012 - Enterprise Act 'does not need radical overhaul' 13/4/2012 - Retail insolvency rate up 15% as rent payments bite 28/3/2012 - Business insolvencies on the rise More Insolvency & Restructuring News