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Debt management’ arrangements can become painful bankruptcies

PUBLISHED: 08:51 30 December 2008 | UPDATED: 13:55 05 October 2010

Dear Editor, I AM appalled by the current proliferation of debt management’ companies and so-called free debt advice’ services that are bundling people into unsuitable voluntary arrangements that provide incredibly high fees for those that promote them. These arrangements often fail and become extended and painful bankruptcies

Dear Editor,

IF YOU lived in the richest, most powerful city it was possible for a man to imagine, but there was no love there, no mercy, and no justice for those who met with misfortune, then you would be better off dead than to live in such a place.

I am appalled by the current proliferation of debt management’ companies and so-called free debt advice’ services that are bundling people into unsuitable voluntary arrangements that provide incredibly high fees for those that promote them.

Individual voluntary arrangements often fail and become extended and painful bankruptcies.

The association that I set up 25 years ago helped tens of thousands of people deal with their financial problems during the last deep recession in the early 1990s. The financial problems that many people now face in 2009 are on a much greater scale.

John McQueen, Founder

Bankruptcy Association

Johnson-close, Abraham Heights, Lancaster, LA1 5EU

Tel: 015394-69474


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