PKF has estimated that more than 20,000 people will have been sequestrated – the Scottish legal term for personal bankruptcy – or will have taken out a Protected Trust Deed (PTD) at the end of 2011.
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400 Scots a week to face being insolvent this year
MORE than 400 Scots a week will become insolvent this year as the economy fails to show signs of recovery from the downturn, a leading accountancy firm has warned.
