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follow a consultation that was carried out by the Accountant in Bankruptcy, and unlike earlier Regulations that were withdrawn […]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 […]
Originally published in the Herald, as an Agenda piece, I make the argument that Scottish debt policy is broken, was explored. Despite personal debt levels in the UK now having returned to pre-credit crunch levels, new figures released by the Improvement Service, reveal that free, local authority-funded debt advice services have now seen their funding […]
New proposals by the Scottish Government to introduce changes to the Debt Arrangement Scheme (DAS) are to be welcomed (See Debt Arrangement Scheme: The Way Forward). However, the question is, do they go far enough to save the Scheme, which saw a 49% reduction in take up following the introduction of changes in 2014-15 and […]
The announcement that North Ayrshire Citizen Advice Service (NACAS) is closing its doors at the end of this month, after twenty years, brings into sharp focus the critical issue of funding that advice agencies in Scotland are now facing. It also urgently underlines the need for a national discussion on how front-line advice services are […]