Posted by admin - August 1, 2014 1:05 pm Bankruptcy Limit Review

The Insolvency Service is to review the threshold at which a creditor can petition for a debtor’s bankruptcy. The current level of £750 has been in place since the introduction of the Insolvency Act 1986 and would now be nearer £2,000 had it kept pace with inflation.

We will keep you updated once the Insolvency Service review takes place.