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PIP

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PIP
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  • So, bankruptcy terms have been reduced to 1 year as the end of 2015. What does this mean? Well, the normal duration of Bankruptcy will be reducing to 1 year, but there will be a payment order duration of up to 3 years, which will be set by the Offic…
    in Bankruptcy Comment by PIP January 2016
  • Hi Tommbo, that's an interesting point. I'm going to start a new thread about the 1 year bankruptcies - perhaps we can move this discussion to there? But I think the issue relates to the level of debts. You can only enter a Debt Relief Notice if you…
  • In answer to my own post - In personal insolvency, there shouldn't be a cost to the individual who is entering a debt scheme. The costs of the scheme are recovered from the creditors funds as part of any payment schedule you enter into. Never let an…