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Creditor Petition threshold raised to £5000
debt_doctor
Posts: 4,595 Forumite
Hi All,
Good news, from tomorrow 1st October 2015, the amount of debt required to enable a creditors bankruptcy petition to be made is being raised from £750 to £5000.
I think this is long overdue, the original level was set in 1986 when the Insolvency Act was first brought in to force.
DD
Good news, from tomorrow 1st October 2015, the amount of debt required to enable a creditors bankruptcy petition to be made is being raised from £750 to £5000.
I think this is long overdue, the original level was set in 1986 when the Insolvency Act was first brought in to force.
DD
Debt Doctor, Debt caseworker, Citizens' Advice Bureau .
Impartial debt advice services: Citizens Advice Bureau Find your local CAB *** National Debtline - Tel: 0808 808 4000*** BSC No. 100 ***
Impartial debt advice services: Citizens Advice Bureau Find your local CAB *** National Debtline - Tel: 0808 808 4000*** BSC No. 100 ***
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