New measures to help vulnerable people in problem debt : vim

New measures to help vulnerable people in problem debt


New measures to help vulnerable people in problem debt
The government will legislate to increase the number of people eligible for Debt Relief orders, helping more people to get out of problem debt.
From:
10 May 2021
More people will be able to access the debt solution, giving them a fresh start, as a result of the changes announced today, which will come into force at the end of June.
The changes to DRO eligibility criteria will see the level of debt at which people can apply for a DRO increase from £20,000 to £30,000. It is expected that over 13,000 more people may use DROs in the next 12 months compared to 2019, an increase of nearly 50 per cent.

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