Mike Dailly in his blog for The Firm has called for a new Debt Arrangement Scheme for payday lending debts. I consider whether such a scheme is feasible and if so how it should differ from the current scheme.
In 1985 when the Scottish Law Commission produced it’s report into diligence, the area of Scots Law that deals with the legal recovery of debts, it was proposing reform of an area which had not been kept up to date with changing values and sensibilities.
It was possible back then when you owed money for your credi
As we approach the twenty year anniversary of the Poll Tax being abolished, Alan McIntosh looks at what happened to the debt. The Community Charge, or the Poll Tax as it was known, was introduced into Scotland one year ahead of the rest of the UK. It was to be the final nail in Margaret […]
A change in the administration of bankruptcy creates process price increases that will deny a remedy to those debtors most in need, warns Alan McIntosh Previously I raised my concerns that the Accountant in Bankruptcy’s (AIB) policy of working towards full cost recovery, would eventually lead to morally bankrupt law reforms, with the poorest having […]
By Alan McIntosh I was fascinated to read an article that’s been written by Richard Dyson of the Financial Mail on Sunday, exposing the true extent of the rip off being perpertrated by Brighthouse, the high street hire purchase company. I genuinely believed it wasn’t possible to be more shocked by their conduct after dealing with […]
One of the most controversial issues in the Scottish Government’s consultation on bankruptcy law reform is the issue of extending the type of debts that should be excluded from bankruptcies and protected trust deeds. Two specific examples are suggested: debts owed to credit unions and child maintenance arrears. The problem with excluding debts, however, is […]
By Alan McIntosh Be scared, very scared, as Scotland’s Accountant in Bankruptcy seems hell bent, yet again, on trying to spread its tentacles and grow its empire as the de facto godfather of Scotland’s personal debt solutions. Fears are that after receiving a bruising defeat by the personal insolvency industry in relation to its attempts […]
David Cameron's recent headline grabbing plan to allow the Department of Works and Pensions to carry out credit checks on benefit claimants will result in greater financial exclusion. What has not been mentioned in the coverage of this new practice is that each time a credit check is carried out on a consumer, it can […]
The recent statistics producced by the Accountant in Bankruptcy has shown that the Scottish debt landscape has begun to change. The number of sequestrations (formal bankruptcies) in the first quarter of this year remained the same with the number for the previous quarter (3,139), but showed a 16 % decrease on the numbers from the […]
First published in the April 2009 edition of SCOLAG. The first quarter of this year, unsurprisingly, has been one of rumours and speculation for the money advice community. Advisers have been eager to discover what changes the Scottish Government would introduce to help normal, hard working families with the credit crunch. As the picture begins […]