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Bankruptcy in over-65s triples

06/07/2023

Posted by:
AJ Williamson

The number of people over 65 filing for bankruptcy has almost tripled in the last five years, figures from the Insolvency Service suggests. The firm believes the increase is down to more people entering retirement with unpaid debts, and also blamed rising food and energy prices. During the same period the total number of bankruptcies for the entire population rose 89 per cent.

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