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The government has announced plans to make it easier for people in financial difficulty write off their debts in Debt Relief Orders (DROs). The Department for Business, Innovation and Skills has proposed changing the eligibility criteria for a DRO so that people with small pension pots can apply for the low cost debt relief solution. The 2009 rise in corporate insolvencies has halted and turned down slightly, according to official statistics published today. The quarterly statistics published by the Insolvency Service show total liquidations in England and Wales were 4,716, down 4.7 per cent on the previous quarter, though an increase of 14.6 per cent on the [...] |
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