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Why young people are choosing bankruptcy as a way out of debt

The idea of being made bankrupt used to be seen as something to avoid at all costs, but the latest figures suggest young people are increasingly seeing it as an easier way out of debt. According to the accountancy firm RSM, the number of young people agreeing to go into bankruptcy has risen ten times in the past three years. Shari Vahl finds out more.

First broadcast on You & Yours, 14 October 2019.

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Duration:

6 minutes

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