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Research has revealed that during 2010 the group most affected by personal insolvencies was the married middle-aged and middle-class. The largest demographic of new cases was made up of married, middle-class and skilled working-class people of middle age who live with their children; 13.2% of the adult population in the UK. Next in line were Young, single professionals and middle-income earners, who are 3.99% of UK adults.

These insolvency statistics have increased since 2009; however, there is a demographic group whose insolvency rate has reduced. This data relates to those who are disadvantaged, who rent from local councils.

New changes to insolvency regulations mean that anyone with a pension will be able to apply for a DRO (Debt Relief Order) that may not be receivable for a number of years. These changes will be implemented on 6th April. As it stands at the moment, anyone who has assets which are valued at more than £300, have debts of less than £15,000 and whose income is less than £50 per month, are unable to apply.

The new policy means that individuals with larger pensions will now be eligible for a DRO which means that creditors are not allowed to recover their money for 12 months and after this period, debtors will be free from any debts that are covered by the DRO if their circumstances remain unchanged.