The Accountant in Bankruptcy’s new Debt Arrangement Scheme Regulations a further example of poor legislation by an agency serving only it’s own interests.
Is the Accountant in Bankruptcy’s plans for a new Debt Arrangement Scheme a game changer? Or are we just divvying up the cake, with the consumer an after thought?
On the 19th April the Scot Gov’s consultation into Trust Deeds closed. For many the process will have felt like being trapped in a spinning hamster wheel.
New figures show locally based, face to face money advice service remain the largest providers of debt solutions in Scotland.
As Scottish Government, Jamie Hepburn, announces he will now suspend plans to introduce the Standard Financial Statement into Scotland, questions need to be asked whether he is being provided with accurate information about the policy?
The Scottish Parliament’s Economy, Energy and Fair Work’s Committee have now released their Report into the Scottish Government’s draft Common Financial Tool Regulations. The recommendations of the Committee are that the Scottish Government should not re-lay the Regulations until there has been: A full review of the use of the Common Financial Tool, including Engagement […]
Can the Accountant in Bankruptcy cash in a life insurance policy where the deceased was previously in a bankruptcy or protected trust deed?
The Accountant in Bankruptcy have laid new Bankruptcy Fee Regulations. The Regulations, which are subject to the Negative Procedure of the Scottish Parliament are due to come into force on the 1st of June 2018. They follow a consultation that was carried out by the Accountant in Bankruptcy, and unlike earlier Regulations that were withdrawn […]
THERE have been calls of late for the Scottish Government to reintroduce warrant sale-style procedures; these seem now to have found a sympathetic ear. The Accountant in Bankruptcy (AIB), a Scottish Government agency that advises ministers on matters relating to debt law, has said it is prepared to consider how the replacement procedure that was […]
The Credit Services Association (CSA), a trade body that represents debt recovery and purchase organisations, has raised its concerns that new guidelines for the Standard Financial Statement (SFS) may exacerbate the position many consumers find themselves in when struggling with problem debts. The Standard Financial Statement, which the Accountant in Bankruptcy (AIB) have recommended be […]