Posted on 13 October 2015
Changes to the insolvency regime could mean fewer bankruptcies.
The minimum debt before an individual may be made bankrupt is set to increase from £750 to £5,000.
In further changes to personal insolvency, Debt Relief Orders are also to change will change from a maximum permissible debts of £15,000 to the greater amount of £20,000 and the maximum permissible assets from £300 to £1,000.
I approached liquidation with trepidation not knowing what to expect after having run the business for 30 years. I was led gently through the procedure without embarrassment or pressureDirector of boutique clothing store
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