Lamport Bassitt Solicitors - Legal News - Govt cutbacks could lead to "financial trouble"


	LATEST LATEST LEGAL NEWS ARCHIVE		LATEST NEWS & EVENTS Govt cutbacks could lead to "financial trouble" It has been claimed that government cutbacks could lead to "financial trouble", such as personal insolvency and other risks. These claims were made by John Fairhurst, managing director at debt solution provider Payplan, who said that prospective government cutbacks "will inevitably lead to job losses and for some this will mean financial trouble". Mr Fairhurst added: "Despite all the headlines, bankruptcy is still regarded largely as a taboo subject which people prefer not to talk about." Last month, chartered accountants and business advisors Wilkins Kennedy revealed that Coastal towns and cities in the UK have the highest proportion of personal bankruptcies for the second year in a row, with many Brits in these areas facing insolvency and restructuring action. The research discovered that Hull, Blackpool, Plymouth and Eastbourne are the towns that suffer the highest rates of personal bankruptcies in the UK. Posted by Gaby Hamerton 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