IVA's More Important than Ever as Bankruptcy Reaches Record High, say Blair Endersby

MANCHESTER, England, February 18, 2010 - IVA Solution experts Blair Endersby are emphasizing the role debt
management can play in the lives of people with money worries.

Recently released figures have revealed that last year more than 134,000
people were made bankrupt or entered into insolvency agreements. This equates
to 1 in every 320 adults, a 25% increase from 2008.

A Blair Endersby spokesman, Nick Pearson, said: "As a nation, we're
emerging from the recession, but personal debt is at a worryingly high level.
The figures that have been released are staggering."

There is some indication that more people are seeking debt management
solutions rather than resorting to bankruptcy. The number of people entering
into IVA's - a more flexible way of managing debt - increased by 26% last
year, whilst bankruptcies fell by 5.5%.

Nick Pearson continues, "All too often people deep in debt keep it to
themselves, and the problem generally spirals further out of control. Turning
to a company like Blair Endersby can really be the best, most pain-free way
of solving debt problems".

About Blair Endersby

Blair Endersby was set up in 2005 to provide Individual Voluntary
Arrangements (IVA) to clients whose debts are making them struggle
significantly. IVAs form part of government legislation (Insolvency Act 1986)
to provide an alternative to bankruptcy for people in severe difficulty with
their unsecured debts.

    For more information please visit www.blairendersby.co.uk

    Contact Details
    Nick Pearson
    Director of External Affairs
    +44(0)161-216-8107
    Paymex Group
    Lloyds House
    18-22 Lloyd Street
    Manchester
    M2 5BE

Contact Details: Nick Pearson, Director of External Affairs, +44(0)161-216-8107, Paymex Group, Lloyds House, 18-22 Lloyd Street, Manchester, M2 5BE