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Money Advice Trust welcomes debt solution improvements

Business Minister Jo Swinson has today announced measures to enable easier access to debt relief for financially vulnerable people, by widening eligibility for Debt Relief Orders and increasing the minimum level of debt for which a person can be forced into bankruptcy.
 
Joanna Elson, chief executive of the Money Advice Trust, the charity that runs National Debtline, said:
 
“We are pleased that these new changes will enable us to help more people who are struggling with problem debt.  Increases in the debt and asset thresholds for Debt Relief Orders are a welcome step in the right direction, and we are particularly pleased to see more protection from bankruptcy for people with smaller debts.
 
“This announcement also gives us a good opportunity to raise the profile of Debt Relief Orders and to encourage more people who are struggling to cope with debt to seek the free advice they need.
 
“At the Money Advice Trust we hope that this will come to be seen as a good first step towards the wider review of debt solutions that we have been calling for.  We have to ensure that a viable debt solution is made available to every single person struggling to repay what they owe, and that no-one is allowed to fall through the cracks of a system that has evolved organically over several decades.”
 
 
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