Causes of Insolvency

Debt Management Advice

5/01/10

  • Indulging in & over spending on personal needs and wants;
  • Over commitment to contractual obligations;
  • Failure to budget income against living & other expenses;
  • Loss of income – unemployment or illness;
  • Spending, based on future expectations of income that fail to materialise;
  • Grand gestures to family, friends and partners.
  • Gambling habits.

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