Government announces increase in the bankruptcy petition threshold from £750 to £5,000

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.

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