Middle-aged women from 35 to 54 years old are easily bankrupt

According to the researchers, the number of mothers aged 35 to 54 years who have fallen into bankruptcy has reached a record number. They are the ones who suffer the most risks because of the global financial crisis.

The unburdened of money and unresponsive debts have increased more rapidly in this age group than anyone else in struggling to earn a living to support the family. Based on the official bankruptcy data, researchers found that the loss of money or debt of middle-aged mothers often occurs shortly after divorce or collapse.

The number of mothers in the age of 35 to 54 years old who went into bankruptcy has reached a record number

According to Keith Stevens, a bankruptcy partner in Accountants Wilkins Kennedy: " After divorce, women often feel pressured to adapt to the same lifestyle as when they get married. They want to make sure their children are They are not affected, however, the financial situation often does not allow them to maintain such expenditures. "

After divorce about 5 years, often the income of men tends to increase by more than 25% compared to income in marriage, while the income of women tends to decrease by about 9%. , according to researchers.

Many mothers lost their jobs during the recession, struggling to find jobs with a similar salary. And middle-aged women often have young children who are still in school, often finding work suitable for them.

" Women with young children are less attractive than other candidates, especially for small employers, where workers have to work part-time flexibly. Many mothers do that is forced to cling to low-skilled jobs and lower wages , "according to Stevens.

Many women lose their jobs during the recession, and are struggling to find another job at the same or similar wage.

Usually, many mothers will only be admitted to jobs such as: Letters, catering, cleaning, care and cashier, which all tend to receive low wages. Others simply cannot get a stable job.

Many mothers set up their own businesses after a long time searching for jobs, while they are only better at cooking than managing, so they are bankrupt.

Mr. Stevens said: " We have seen a significant increase in the number of women launching their businesses during the global economic downturn. However, this is also accompanied by large financial risks. While a mother company is successful, there are many, many other maternal businesses that can't raise their heads . "

There are 3 different types of personal default. Bankruptcy is the most popular option, but there are also debts based on mutual trust that come from slowly and self-settling debts among themselves.

The order of debt reduction is also particularly used by mothers, because it gives them the opportunity to shake off responsibility, for just £ 90, and does not need to appear in court.

To qualify, they must have less than £ 15,000 in debt, disposable income not exceeding £ 50 a month after paying taxes, " normal household costs " and national insurance.

Quarterly figures, released on Friday, are expected to have 366 people bankrupt in a day between July and September 2010, according to accountant RSM Tenon.

" If anything happens, people will face even greater difficulties in the coming months with public sector cuts that can make many people face a period of unemployment. and reduced wages, new challenges will be a step too far for a significant number of people who have continued to struggle with increasing debt over the years , "said Mark Sands, head of the executing agency. bankruptcy laws.