DEBT RELIEF ORDERS
FREQUENTLY ASKED QUESTIONS
 
The following is correct as at March 2008 but note that processes and legislation are currently under development and the details below may change.
 
When will debt relief orders (DROs) be available?
 
It is anticipated that debt relief orders will come into force in April 2009.
 
Who might DROs be suitable for?
 
People with relatively [...]

 
In a surprise development the Insolvency Service has revealed that the number of people declared insolvent in England and Wales fell slightly in the three months to June.
The number of individual insolvencies stood at 24,553, which was 2% down compared with the previous three months and 8.3% below the same period in 2007. Company liquidations [...]

HBOS has announced to the stockmarket that its profits before tax have fallen 72% in the first six months of the year.
Blame has been out on the credit crunch and the worsening economic climate. HBOS stated that the rise in energy costs coupled with a housing slowdown will mean that things will deteriorate even [...]