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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R3: Association of Business Recovery Professionals

Rescue, Recovery, Renewal - R3: The voice of business recovery. Our experts have helped thousands of businesses and individuals get financial help. Over the years we've helped turn around thousands of businesses.

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