The number of people having their homes repossessed in the UK is rising rapidly as personal bankruptcy figures hit new heights during the credit crunch.
Research from the Ministry of Justice show there were 38,688 claims for repossession in the first quarter of 2008, which represents a rise of 7% on numbers for the previous year.
However, despite this high number of claims more people than ever are being given further time to get their finances in order as the government realises the difficulty the current economy is causing.