Article: FINANCIAL ADVICE: Debt deals.

Will Henley looks at the business of referring clients with debt problems to specialist companies

Consumer debt is at record levels and advisers are regularly seeing clients seeking counsel on debt.

Bankruptcies and individual voluntary arrangements reached 100,000 for the first time last year. In the third quarter of this year there were 26,072 individual insolvencies in England and Wales, comprising 15,833 bankruptcies and 10,239 individual voluntary arrangements, according to the Insolvency Service.

With Christmas fast approaching, the cost can be the final straw for many people. Last year, Grant Thornton said 30,000 people were at risk ...

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