You only have to pick up a newspaper or watch the news to realise that our economy is under considerable pressure and is on the verge of a recession. Figures recently released by the Insolvency Service show that liquidations for the first quarter of 2008 totalled 3,210 with 25,264 individual insolvencies. In the current economic climate it is inevitable that this number will rise steeply.
The economic downturn means that the average household has to prioritise its finances and most people will...
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