One Saturday afternoon, my partner and I were sitting at home, reading through the local paper. Advertised was a litter of 8 week old kittens, for twenty pounds each. I begged and pleaded with my partner to buy me one of the kittens. He informed me to take into consideration, the costs of owning a pet. I thought to myself, what is twenty pounds and £2.50 a week on food. Never did I think it would be the icing on the cake for my debt
I find it extraordinary that I pay £350 a month on trains and don’t even get a seat. Yes the price for being a London commuter and living outside is high. This began when the railway being split up and privatised. The Train Operating Companies have to pay the government so much money for running trains & then they have to pay their share holders then they have to make a profit to boost the company.
Last year, over 107,000 people became insolvent with 44,000 people opting for an IVA and 63,000 people choosing bankruptcy.
Figures show that the IVA has a larger growth margin in comparison to bankruptcy as people are still afraid of the social stigma attached to becoming bankrupt.
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