Kent Solicitors

Proposals under the Tribunals Courts and Enforcement Act 2007 include

Licensing of debt advice companies who can then dictate to creditors how much they should write off and the period over which they must accept the balance by instalments

Debt relief orders to wipe out debts of less than #15,000 without the need to go to Court

A reduction in the ability of creditors to block Individual Voluntary Arrangements

You or your clients should start thinking now about how much credit, if any, you will give clients / customers in the future

Labels: Tribunals Courts Enforcement Act 2007 debt relief orders Individual Voluntary Arrangements