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Monthly Insolvency Statistics, June 2021

Monthly Insolvency Statistics, June 2021
gov.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gov.uk Daily Mail and Mail on Sunday newspapers.

Voluntary Liquidations , Relief Orders , தன்னார்வ கலைப்பு , துயர் நீக்கம் ஆர்டர்ஸ் ,

Government Debt Relief Order changes could help thousands more 'freeze' what they owe

Some 13,000 more people could benefit from a solution designed to help them with problem debt from next month, under proposals published by the Government today.
The Insolvency Service announced a raft of changes to Debt Relief Orders, which have been described as bankruptcy-lite and are aimed at those who have little money to pay their debts.
From 29 June those who owe less than £30,000 will be able to apply for a DRO, up from £20,000 currently.
The application comes with a £90 fee which will remain unchanged, despite a review by regulators in February calling it a significant barrier to uptake .
Debt Relief Orders are aimed at those who have little money to pay mounting debts ....

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New measures to help vulnerable people in problem debt

New measures to help vulnerable people in problem debt
The government will legislate to increase the number of people eligible for Debt Relief orders, helping more people to get out of problem debt.
From:
10 May 2021
More people will be able to access the debt solution, giving them a fresh start, as a result of the changes announced today, which will come into force at the end of June.
The changes to DRO eligibility criteria will see the level of debt at which people can apply for a DRO increase from £20,000 to £30,000. It is expected that over 13,000 more people may use DROs in the next 12 months compared to 2019, an increase of nearly 50 per cent. ....

United Kingdom , Northern Ireland , Corporate Responsibility Lord Callanan , Relief Orders , Breathing Space , ஒன்றுபட்டது கிஂக்டம் , வடக்கு ஐயர்ல்யாஂட் , பெருநிறுவன பொறுப்பு ஆண்டவர் காலனன் , துயர் நீக்கம் ஆர்டர்ஸ் , சுவாசம் இடம் ,