However, changes could go further
The Insolvency Service has announced that the government fees for an individual applying to be made bankrupt are to fall from £705 to £655 in April 2016. Stuart Frith, chairman of the Personal Insolvency Committee of insolvency trade body R3, says:
“The fall in the cost of bankruptcy petitions is good news. The government fees for entering bankruptcy can be a real obstacle to people trying to deal with problem debt and lower fees mean a lower barrier to debt relief.
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