Lamport Bassitt Solicitors - Legal News - Govt announces amendment to debt relief orders


	LATEST LATEST LEGAL NEWS ARCHIVE		LATEST NEWS & EVENTS Govt announces amendment to debt relief orders Changes to debt relief orders (DROs) have been announced by the government. Business minister Ian Lucas revealed that the Labour administration intends to make more people eligible to apply for the orders - which were introduced under the Tribunals, Courts and Enforcement Act 2007 and came into existence in April last year. This would help provide additional support to consumers in the UK who are in financial difficulty, he suggested. Mr Lucas remarked: "Following representations from independent money advisers, I'm proposing a common sense change to ensure that vulnerable people with a very small pension pot are treated fairly." The government will consult on the issue shortly, the minister added. According to Mr Lucas, DROs help individuals who would otherwise be trapped in poverty to get back on their feet. The orders were introduced by the Labour administration as a new, lower-cost option for people facing money problems who wish to avoid bankruptcy. Related Articles: 8/5/2012 - More companies fail as personal insolvencies fall 23/4/2012 - Landlords and insurers unite behind insolvency law reform 19/4/2012 - Enterprise Act 'does not need radical overhaul' 13/4/2012 - Retail insolvency rate up 15% as rent payments bite 28/3/2012 - Business insolvencies on the rise More Insolvency & Restructuring News