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V12.0October 2013www.bis.gov.uk/insolvencyIntermediary Guidance Notes to Complete the Online Debt Relief Order Application FormCONTENTSPART I: INTRODUCTION 3Background to Debt Relief Orders 3 Criteria
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UK Insolvency refers to the legal state of being unable to pay debts.
Companies and individuals who are experiencing financial difficulties may be required to file for UK insolvency.
To fill out UK insolvency, individuals and companies must follow the guidelines provided by the Insolvency Service.
The purpose of UK insolvency is to provide a legal framework for dealing with financial difficulties and to protect the interests of creditors.
Information such as assets, liabilities, income, and expenses must be reported on UK insolvency.
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