The number of British people petitioning for bankruptcy jumped 7 percent in the third quarter, while company failures rose 13 percent, as the financial crisis hiked the cost of loans, Britain's Ministry of Justice reported Friday.
The ministry said 13,653 people in England and Wales petitioned for bankruptcy in the three months through September, up from 12,722 during the same period last year.
On top of that, creditors lodged an additional 5,499 petitions to have people made bankrupt during the three-month period _ 10 percent more than in the same three months of 2007.
The ministry's data showed an even steeper increase in the number of …
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