I started this blog in June 2007 asking these questions: Are we in a massive asset bubble that will blow up in our faces ??? - ANSWERED YES ! Is western and particularly British society on the verge of social collapse??? What are the best common sense long term investment strategies to keep you rich? When will consumption/debt bubble economics end and a real savings/production economy begin ???

Sunday 3 June 2007

Debt judgments hit 10-year high

The number of County Court Judgments (CCJs) against consumer debtors has reached its highest level in almost 10 years, figures show.
Nearly 250,000 CCJs were issued in England and Wales in the first three months of 2007 - up 9.5% on the same period a year ago.


Lenders were "increasingly using the court route to deal with unsecured debts", the Registry Trust said.

Experts said the data also showed more households were struggling financially.

The 247,187 CCJs issued for consumer debt is the highest since the summer of 1997

The total number of judgements issued - including those served on businesses - was 296,841, up 9.1%.

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