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

Former_MSE_Paloma

"Pensioner bonds paying a market-leading rate of 2.8% for a one-year fix and 4% for three years are now open ..."

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



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woodformoretrees

This seems good news. £750 has always seemed ludicrously low, in relation to today's earnings/debt levels, etc.

alastairq

Good news, but it still has to go through Parliament....

ALIBOBSY

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

chattychappy

ALIBOBSY wrote: »

£750 is more likely the sort of figure that given a chance people could clear.Ali x

Usually they've been given MANY chances to clear it and have failed to do so.

Oblivion

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?