Why do more UK people go bankrupt in January than the rest of the year combined?
7 min readFeb 5, 2024
The answer is 4 words. The Christmas debt trap
I am writing this article after 31st January- the deadline for submitting your taxes in the UK for self-employed business owners. I tell everyone about this in February and nobody takes action and guess what this time next year the same people are in the same boat.
