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Warning of rising insolvency levels

Person at a table with pen in hand
Person at a table with pen in hand

More than 400 people will become insolvent each week in 2012, an accountancy firm has predicted.


PKF has estimated that in excess of 20,000 people will have been sequestrated - the Scottish legal term for personal bankruptcy - or will have taken out a Protected Trust Deed (PTD) at the end of 2011.