Bankruptcy Threshold
May 23rd, 2015, Blog
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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