Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Debt Relief Orders bring an ideal solution for those who have low debts, no assets and no disposable income to avail of bankruptcy procedures without having to pay unaffordable Court Costs. We in the profession welcome this new procedure for that certain group of people.
Be interesting to see how many people qualify for these and how many take them up.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
It is for debts of £15,000 and under and where the debtor has less than £50 of disposeable income per month. Not sure how many it will help although the principle is a good idea.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
I know who it is for, and reckon that you will get all the very low income families who have been relying on high interest loan firms such as Provident.
I reckon it will be a godsend for them.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
