On 1 October 2015 the minimum debt upon which a creditors' bankruptcy petition can be presented increased from £750 to £5000 and the threshold for serving a statutory demand on an individual debtor (as a precursor to bankruptcy) also increased to £5000. 

The changes, made under The Insolvency Act 1986 (Amendment) Order 2015, do not affect corporate insolvency proceedings.  The threshold for issuing a winding up petition for corporate debtors remains £750.