Parents Can Accept Gift of Property on Boy’s Behalf
The Family Court recently considered an application by the parents of a 15-year-old boy for authorisation to accept a gift of a share in a property on his behalf, in...
Continue readingChanges to the Insolvency Act 1986 that are being introduced on 1 October 2015 will mean that a person will no longer be able to be made bankrupt if they fail to pay a judgment debt of as little as £750 (a sum which has remained the same for 19 years).
Under the revised regulations, a petition for bankruptcy will only be able to be presented if the debt due is £5,000 or more.