Let’s talk Debt Relief Orders

Front-line Debt Advisers can help shape the future of Debt Relief Orders.

Register for our online event on 1st February here.

On 12th January Government announced a consultation on the monetary eligibility criteria for Debt Relief Orders. It is proposing to:

• Increase the total amount of debt allowable to £30,000 (from £20,000);

• Increase the value of assets owned by the individual to £2,000 (from £1000). We are not proposing to change the items excluded from this calculation nor make any change to the £1,000 limit on the value of a domestic motor vehicle; and

• Increase the level of surplus income to £100 (from £50) per month.

We need your input.  Whilst any raising of the monetary eligibility criteria is welcome, we know that there is much more that could be done to improve the scheme. The consultation gives us a chance to collectively raise concerns about not only Debt Relief Orders but also the wider landscape of 'debt solutions'.

Please join us online at 2pm on Monday 1st February to reflect on the current Debt Relief Order scheme; consider how we should respond and make sure your voice is heard in the policymaking process.

The event will be chaired by Amy Taylor, Chair of the Greater Manchester Money Advice Group and also qualifies for two CPD points for both the Institute of Money Advisers and Money and Pension Service schemes.

Get your ticket to the event here.