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Reforms ‘will make it easier for people with debt problems to get a fresh start’ May 10, 2021, 2:52 pm
Cut up credit cards. More people struggling with their debts across England and Wales will have access to a solution which would give them a fresh start (Owen Humphreys/PA)
More people struggling with their debts across England and Wales will have access to a solution which would give them a fresh start.
The maximum total debts allowable for someone taking out a debt relief order (DRO) will increase from £20,000 to £30,000, the Insolvency Service said.
This will enable more people struggling with their debts to qualify, rather than turning to bankruptcy which is often seen as a “last resort”.
Budget 2021: My benefits top-up is a lifeline - don t take it away
By Russell Hotten
image copyrightEster de Roij
image captionFreelance camerawoman Ester de Roij s last commission was cancelled just before lockdown in March Twenty pounds doesn t sound much - but it s been a lifeline, says Ester de Roij. When you haven t got much, taking away a little is a lot.
The freelance wildlife camerawoman is referring to a highly-charged debate over Universal Credit (UC) and plans to trim payments by £20 a week.
Last April, Chancellor Rishi Sunak introduced a £20 uplift to UC as part of his economic support measures, with Ester one of about six million people benefitting.