Prospective debt negotiators face tough regulations

Cash-strapped borrowers will get more information on how debt deals will work under the new personal insolvency regime this week.

13th April, 2013

Cash-strapped borrowers will get more information on how debt deals will work under the new personal insolvency regime this week, with income guidelines and rules for negotiators set to be published in the coming days.

However, those trying to find a route out of debt may have limited options on who they can engage to negotiate with creditors on their behalf, as strict new rules will curtail the number of debt experts who will qualify.

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