Hundreds more people considered to be "too poor to go bankrupt" will be able to use a system of personal insolvency.
Debt relief orders were launched in 2009, aimed at allowing people with low debt and few assets to enter insolvency. This would allow them to escape a full-blown bankruptcy and the fees involved. New rules unveiled by the Insolvency Service have increased the maximum amount of debt that can be covered by these plans, from £15,000 to £20,000. This should allow 3,600 more people a year with problem debt to use these orders, the government said......Read more here