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DRO Eligibility Criteria.pdf

MAT_response_to_Insolvency_Service_DROs_changes_to_the_monetary_eligibility_criteria.pdf
Preview of DRO Eligibility Criteria
🔗 Source: moneyadvicetrust.org
📊 Size: 902 KB
👤 Author: Matt Hartley
⬇️ Downloads: 128

Summary

The Money Advice Trust welcomes the Insolvency Service's proposals to increase financial limits for Debt Relief Orders (DROs), suggesting a debt limit of £30,000, an asset limit of £3,000, and a vehicle asset level of £3,000. They also propose allowing applicants to retain up to £100 a month surplus income and introducing an automatic annual uprating of eligibility limits. Additionally, they recommend further reforms, including waiving the £90 DRO fee, suspending rules preventing second DROs, and allowing retrospective inclusion of missing debts. They also call for a full review of debt options and the introduction of Statutory Debt Repayment Plans.

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Description

The Money Advice Trust welcomes the Insolvency Service's proposals to increase financial limits for Debt Relief Orders (DROs), suggesting a debt limit of...

Technical Information

  • File Format: PDF
  • File Size: 902 KB
  • Pages: 19
  • Language: EN
  • Author: Matt Hartley
  • Total Downloads: 128
  • Last Updated: 4 weeks ago

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This PDF document about DRO Eligibility Criteria provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into DRO Eligibility Criteria.

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