10,000 Brits under 30 went bankrupt in Q1 2005

PricewaterhouseCoopers said personal bankruptcies among the Brits under 30 years old accounted for 15% of all failures in 2003-2004. That figure was almost double that of 2001-2002 as more people chose bankruptcy as a way of eliminating their debts. More than 10,000 people went bankrupt in Q1 2005, the highest figure in more than forty years.