Insolvency Proceedings: Review of debt relief orders and the bankruptcy petition limit
Call for evidence asking how the debt relief order process can be improved and whether a change to the bankruptcy petition limit should be made.
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Debt relief orders are a low cost form of debt relief targeted at vulnerable people with low levels of debt and little means of paying it off. Introduced in April 2009, we are reviewing how they have performed and how they could be improved.
The creditor petition limit has been set a £750 since 1986. We are asking whether this figure should be increased.
Users of DROs are welcome to complete a survey of their experience of DROs to help us understand the impact of the DRO on their lives.
A press release was issued in conjunction with this consultation.
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