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?
New figures show locally based, face to face money advice service remain the largest providers of debt solutions in Scotland.
Who were the top 5 providers of the Debt Arrangement Scheme, Scotland’s debt payment plan. Numbers were still 45% lower than they were 3 years earlier.
Parents Club Scotland, launched by the Scottish Government, aims to provide families with useful information on health,finances and benefits.
The Debt Arrangement Scheme is changing, with new amendments due to be introduced from the 29th October 2018.
John McGleish v Graham Cameron Tough and Maureen Leslie This case, decided by the Sheriff Appeals Court considered an obscure area of bankruptcy law, which has not seen much discussion, nor had much judicial consideration since its introduction in the Bankruptcy (Scotland) Act 1913. The provision, now contained in section 78 (9) and (10) of […]
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 Accountant in Bankruptcy in Scotland have released their third quarter Statistics for 2017-18. The figures show that the number of sequestration in Scotland have fallen, whilst the number of debtors granting protected trust deeds has increased. There has also been a slight increase on the number of debtors who have entered debt payment programmes […]