The Insolvency Service newsletter winter 2021

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Winter 2021


We’re seeking your views on debt relief orders (DROs)


The Insolvency Service has launched a  public consultation and is seeking views on proposals to increase the financial eligibility criteria to enter a DRO.

The new proposals include:

  • increasing the total amount of debt allowable to £30,000 (from £20,000)
  • increasing the value of assets owned by the individual to £2,000 (from £1,000)
  • increasing the level of surplus income to £100 (from £50) per month

We’re welcoming responses from debt advisors, debtors, creditors, trade bodies, insolvency practitioners and any other interested parties.

The closing date for responses is 26 February 2021.

New guidance for insolvency and debt advice professionals

The following guidance for insolvency and debt advice professionals has recently been published:

Catch up on Insolvency Live! 2020

Insolvency Live!

On 24 November 2020 we hosted our first virtual Insolvency Live! If you missed the live event you can read about it and watch the videos on the Insolvency Service blog.

Other recent blog posts celebrate the nominations of two of our colleagues for the Women in Credit awards and we remember the men of the bankruptcy department who fought in WW1.

Our Brighton and Ipswich offices have moved

Recent enforcement successes

Enforcement successes

Our work tackling financial wrongdoing helps to deliver economic confidence.

Cases recently completed include:

We have also recently issued directors’ disqualification proceedings against the directors and former directors of Carillion.

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