On 15 January 2015, the Government announced that, with effect from 1 October 2015, it would be increasing the threshold for which a creditor can petition for a debtor’s bankruptcy from the current limit of £750 to £5,000. This marks the first change of the limit since 1986, when the Insolvency Act came into force. Read a copy of our briefing note to find out more.
Join our mailing list and receive the latest updates and news from Rooks Rider Solicitors. Enter your email address below to sign-up.
If you enter your details here, you agree that we may use your details to contact you as set out in our Privacy Notice.