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Article: Daily Mail, London, business briefs column.
- Article from:
- Daily Mail (London)
- Article date:
- November 18, 2006
CopyrightCOPYRIGHT 2006 Daily Mail. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Nov. 18--TAKE PROFITS ON DEBT MANAGERS: Clouds have gathered over debt management firms, though they are inundated with business from overstretched borrowers.
The government has threatened to regulate Individual Voluntary Arrangements. It even has a Minister, Jim Fitzpatrick, who is "responsible for insolvency activity."
Debt problems are painful and emotive and flak can fly. Banks seem aghast that after years of profligate advance of credit, some borrowers are unable to repay. And who should the government blame for laws that made bankruptcy a quick process?
It may be wise to take some profits on debt firms, which have seen explosive growth ...