![]() ![]() Your options will depend on what money you have to pay off your debts. This page tells you about the options you may have for dealing with your debts. This is a temporary change to help people whose debts have increased because of coronavirus. The people you owe can only make you bankrupt if you owe them £10,000 or more. Coronavirus - changes to bankruptcy debt levels You should get help from an experienced money adviser. There are more details about the low and grow scheme on the Accountant in Bankruptcy website. The low and grow scheme offers the same protections from creditors and interest that the full DAS provides. If you're experiencing short-term financial challenges, but don’t need a full Debt Arrangement Scheme (DAS) because your financial difficulty may only be temporary, there is a new scheme that might help - the low and grow scheme. Low and grow short-term Debt Arrangement Scheme ![]() The moratorium now lasts for 6 months instead of 6 weeks. This is to give you time to get advice from a money adviser. You can apply for a moratorium which prevents your creditors from taking enforcement action against you. ![]() Coronavirus - more protection from action by creditors ![]()
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