How to profit from bankruptcy

The latest insolvency statistics show that more people in the UK are going bankrupt than ever before - and the trend is only likely to get worse. But while bankruptcy is bad news for most people, there's profits to be made in dealing with the fall-out. We uncover three companies set to benefit from the boom in going broke...

First debt lost its stigma and now bankruptcy is losing its sting. Two years ago, some 45,000 people were declared bankrupt in Britain. In 2005, the figure topped 70,000. That easily surpasses the rate recorded in 1992, back when the UK economy was last in recession. And around 45,000 of last year's bankrupts actually chose to declare themselves insolvent, twice as many as were taken to court by their creditors.

In other words, bankruptcy is fast becoming a route out of trouble, rather than the ultimate financial stigma. And the debt that's feeding this new boom market is quite simply staggering.

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Brian has contributed to MoneyWeek with his expertise in investment strategy, for example how to quadruple your dividend income and how to navigate through the stock market in the 2008 financial crisis. He’s also touched on personal finance such as the housing market and the UK economy.