The number of people taking out a debt relief order (DRO) reached a record high in England and Wales in April, according to new figures.
Some 3,436 DROs were recorded by the Insolvency Service in April, marking a record high in the statistics going back to when DROs were introduced in 2009.
The jump coincided with the removal of a 90 administration fee to obtain a DRO from April 6 2024, the service said.
Changes to DROs were announced in the 2024 spring Budget, with the fee having been seen as a barrier to some people dealing with their debts.
Other changes to DROs, which will come into force in June, include raising the total amount of debt covered from 30,000 to 50,000 and increasing the value of the vehicle a person can …
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