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Debt Relief Orders - consultation launched
Minkym00
Posts: 791 Forumite
A consultation has been launched today to change the eligibility criteria for a DRO. The proposal is to set new financial limits that would:
https://www.gov.uk/government/consultations/debt-relief-orders
- Increase the total amount of debt allowable to £30,000 (from £20,000);
- Increase the value of assets owned by the individual to £2,000 (from £1000). We are not proposing to change the items excluded from this calculation nor make any change to the £1,000 limit on the value of a domestic motor vehicle; and
- Increase the level of surplus income to £100 (from £50) per month.
https://www.gov.uk/government/consultations/debt-relief-orders
3
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