HOME  FORUM  MEDIA  EVENTS  ARTICLES  TV  BLOGS
•Home
Bankruptcy:
•Bankruptcy Information Center
•What is Bankruptcy?
•Is Bankruptcy right for me?
•How to declare Bankruptcy?
•What happens to my assets?
•Bankruptcy and credit rating

Forum:
•forum
•register
•search
•faq
•experts
Blogs:
•Bankruptcy News
•More...
Media Room:
•Press releases
•Media Coverage

Other:
•About BankruptcyHelp
•Links
•Contact us
•Debt Glossary
•Insolvency jobs
FORUM
  > Browse and post on our forum
Home   |   Profile   |   Register   |   Active Topics   |   Members   |   Search   |   FAQ

Welcome to our Forum, please register if you want to post
Ask a debt question
See the last 250 posts
Watch video on how to use forum
Username:
 Password:
Save Password
Forgot your Password?

 All Forums
 New Questions
 Forum Questions
 DRO Levels to increase		  New Topic  Reply to Topic
 Printer Friendly
Author Previous Topic Topic Next Topic  

Niobe
Administrator



United Kingdom
4590 Posts
Posted - 17 January 2015 :  08:49:58  Show Profile  Reply with Quote
This may well be a great help to some people:

The Insolvency Service has announced changes to DRO and bankruptcy
See https://www.gov.uk/government/news/improved-help-for-people-struggling-with-problem-debt

In a nut shell
The maximum amount of debt that can be covered by a DRO will increase from £15,000 to £20,000.

The government is also increasing the minimum level of debt for which someone owed money can force a person into bankruptcy from £750 to £5,000. The limits were last revised in 1986. - See more at: http://www.iva.co.uk/forum/topic.asp?whichpage=1&TOPIC_ID=68858#569721

The friend in my adversity I shall always cherish most. I can better trust those who helped to relieve the gloom of my dark hours than those who are so ready to enjoy with me the sunshine of my prosperity. – Ulysses S. Grant

Viki.W
forum expert



United Kingdom
2211 Posts
Posted - 17 January 2015 :  13:42:49  Show Profile  Reply with Quote
Thanks for posting that Niobe. Good news for a lot of people.

Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
Go to Top of Page

Niobe
Administrator



United Kingdom
4590 Posts
Posted - 17 January 2015 :  14:04:16  Show Profile  Reply with Quote
Have to confess it was pinched from the sister site!!

The friend in my adversity I shall always cherish most. I can better trust those who helped to relieve the gloom of my dark hours than those who are so ready to enjoy with me the sunshine of my prosperity. – Ulysses S. Grant
Go to Top of Page

Blackie
forum expert



United Kingdom
565 Posts
Posted - 19 January 2015 :  19:16:39  Show Profile  Visit Blackie's Homepage  Reply with Quote
Hi guys

However it could mean a huge increase in CCJ's and Charging Orders.
None of this comes into force until October anyway.

John

For help and advice on the easiest and most effective way to a debt free future, please telephone me on FREEPHONE 0800 298 0253
Go to Top of Page
  Previous Topic Topic Next Topic  

 New Topic  Reply to Topic
 Printer Friendly
Jump To:
bankruptcyhelp.org.uk Forum © bankruptcyhelp Go To Top Of Page
Powered By: Snitz Forums 2000 Version 3.4.06