From October 2015 the level of debt at which a creditor is able to petition for an individual’s bankruptcy is set to rise from the current level of £750 to £5,000.

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We are pleased to announce that Sam Talby, Licensed Insolvency Practitioner, Chartered Certified Accountant and Accredited Mediator has joined us at partner level and here he explains his career to date and his ambitions and aims within PCR.

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It seems that there has been a meaningful prosecution of directors involved in the PPI and unlicensed financial advice sector, with the three directors of Consortium Technology Ltd (“Consortium”) being disqualified for a combined period of 26 years.

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Following a consultation process by the Insolvency Service, the Government has announced that from 1st October 2015, the minimum threshold for creditors' bankruptcy petitions will rise from £750 to £5000 and that the maximum level of debt in respect of which a Debt Relief Order (DRO) can be sought will rise from £15,000 to £20,000.

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PCR Movember

The chaps at PCR have been letting themselves go in support of Movember. Pictured is Mark Phillips who has been encouraging the growth of his rather splendid tash with a diet of Tacos and Chilli.

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