Bankruptcy Threshold

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Bankruptcy Threshold

May 23rd, 2015, Blog
Business & Personal Tax

The £750 threshold was always too low with individuals being made bankrupt for such small debts. This is a welcomed and long overdue change.

Ministers are hiking the amount of debt over which an individual can be made bankrupt from £750 to £5,000 the first increase for three decades.

http://www.theguardian.com/money/2015/jan/15/bankruptcy-threshold-rasied-5000-pounds

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