BusinessBusiness RecoveryFemale of the species more in debt

Female of the species more in debt

Growing numbers of women bankrupts

Mid-tier firm Wilkins Kennedy has revealed new figures which show that the
proportion of women bankrupts has risen from 42% to 44% over the past year.

Many are becoming bankrupt as a result of credit card debts and rising
household bills, the firm said, following its survey of 1,200 bankrupts across
England and Wales.

Keith Stevens, insolvency partner at the firm, said if the trend continues at
the current rate half of all people going through the bankruptcy process will be
women by the end of the decade.

‘Women are taking on a much greater debt burden than they used to, but their
income still lags behind,’ Stevens said.

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