Bankruptcy black spot

A WEST Lothian town has been named as one of the worst places for bankruptcy in the UK.

New figures show that Livingston has one of the highest concentrations of insolvencies in Britain.

The town is rated the third worst in the UK after bankruptcy increased by 32 per cent.

Insolvency amongst white-collar professionals rose by 20 per cent last year. It increased 12 per cent among the middle classes and 32 per cent for working classes.

Six Scottish towns were in the top 10. The others were Glenrothes, Kirkcaldy, Dunfermline, Hamilton and Paisley.

But Yvonne MacDermid, chief executive of Money Advice Scotland, said that the number of those declaring themselves bankrupt in Scotland was down.