The Government's consultation proposing to raise monetary limits on the criteria for obtaining a Debt Relief Order are welcome, but barriers to accessing the debt solution remain. Read a summary of our response to the consultation here...

“Dealing with money worries – a guide to your options” is a new resource from R3, and sets out the statutory amd non-statutory options for dealing with debt, for anyone worried about their financial situation.

The draft legislation for the breathing space scheme has been published - this post sets out how it may look in practice, and R3's support for the measure to help people in debt find an appropriate solution... 

A closer look at the results of R3’s member survey on COVID-19, which found that the majority of respondents expect a spike in personal insolvency numbers towards the end of this year, and the start of 2021...

On May 15^th, for the first time, the Insolvency Service (IS) released monthly figures for corporate and personal insolvencies (NB: corporate: England & Wales, Scotland; personal: England & Wales). The IS said that it was publishing on a monthly (rather than quarterly, as previously) basis “to provide more up to date information on the numbers of companies and individuals who are unable to pay debts and enter a formal insolvency procedure as the coronavirus (COVID 19) pandemic continues”.

In his statement on 26 March, the Chancellor announced a package of support tailored at self-employed people. Here are R3's thoughts...

A selection of advice and information for people in financial distress, given by R3’s Personal Insolvency Committee...

A list of sources of advice and support for businesses and individuals affected by the coronavirus/Covid-19...