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MSE News: Bankruptcy threshold to be raised from £750 to £5,000

Former_MSE_Paloma
Posts: 531 Forumite


"Pensioner bonds paying a market-leading rate of 2.8% for a one-year fix and 4% for three years are now open ..."
Read the full story:
Bankruptcy threshold to be raised from £750 to £5,000

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Bankruptcy threshold to be raised from £750 to £5,000

Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
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Comments
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This seems good news. £750 has always seemed ludicrously low, in relation to today's earnings/debt levels, etc.AD March 2014
rebuilding my life :grinheart0 -
Good news, but it still has to go through Parliament....No, I don't think all other drivers are idiots......but some are determined to change my mind.......0
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Good news if this goes through.
Maybe it will stop debt collectors using fake (occasionally real) statutory demands for low amounts.
5K is a more reasonable amount and if you owe that sort of money you aren't likely to be in a position to clear it in a short time span. £750 is more likely the sort of figure that given a chance people could clear.
Ali x"Overthinking every little thing
Acknowledge the bell you cant unring"0 -
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MSE_Paloma wrote: »"Pensioner bonds paying a market-leading rate of 2.8% for a one-year fix and 4% for three years are now open ..."Read the full story:
Bankruptcy threshold to be raised from £750 to £5,000
Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
What has this got to do with Pensioner Bonds?... DaveHappily retired and enjoying my 14th year of leisureI am cleverly disguised as a responsible adult.Bring me sunshine in your smile0
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