The problem is that just before launch, the Insolvency Service announced that people with pension savings would not qualify for a Debt Relief Order. This has meant that in the first three months the [...]

Source: Debt Relief Orders get off to a slow start

LONDON, UNITED KINGDOM–(Marketwire – May 11, 2009) – Following the release of insolvency figures in Scotland in the first quarter of 2009, financial solutions provider Think Money pointed out that the impact of the LILA (Low Income Low Asset) route into insolvency could shed some light on the probable impact of the DRO (Debt Relief Order) on insolvency figures in England and Wales. In Scotland, …

Source: Comment on Debt Relief Orders, IVAs and LILAs (Marketwire)

Official figures are expected to show that a record number of people went bankrupt during the first quarter of the year.

Source: Record numbers go bankrupt KPMG predicts (Daily Telegraph)