During the year, accountants KPMG expects more than 150000 people to enter into an IVA, be declared bankrupt or enter into a Debt Relief Order – a new alternative to bankruptcy aimed at those with debts of less than £15000 and minimal …

Source: MALAYSIA UPDATE: 200 people a day declared bankrupt

It will also include people who opt for a Debt Relief Order, a new alternative to bankruptcy for people with debts of less than £15000, which was introduced this month and will be included in statistics from the second quarter. …

Source: Record numbers going bankrupt

Citizens Advice estimates that nearly a third of CAB debt clients could be eligible for the debt relief order(DRO), a new alternative to bankruptcy that comes into force in April 2009. While welcoming this new debt remedy, …

Source: News Rage UK: Citizens Advice research warns of deepening debt crisis