It is thought that 1 million families will end up in court over unpaid debts in the coming year.

As the effects of the credit crunch continue to hit consumers, more than 2,700 people are expected to face the courts every day over unpaid items such as personal loans, car loans, store cards, credit cards and bills.

The news comes as personal debt in the UK is reported to have hit £1.4 trillion. This, together with the fact that banks are less willing to lend, is making life difficult for consumers who are struggling to meet every day costs. This week, the Liberal Democrats predicted that around 60,000 families were at risk of having their homes repossessed as they are unable to manage their debt.

Mark Sands, from the accountants KPMG, said: "Everything points to more pain for the consumer, which will translate into increased county court judgments over the course of this year. If county court judgments go up anything like as quickly as we expect bankruptcies to go up, we could easily see a million of them this year."

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