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23 March, 2015

Treasury publishes final report & recommendations of Independent Review of the Money Advice Service

Report recommends measures to improve the effectiveness and reach of debt advice, overseen by a Debt Advice Steering Group of funders and debt advice charities, chaired by the Money Advice Service.

23 March, 2015

Insolvency (Northern Ireland) Order 2005 (Consequential Amendments) Order (Northern Ireland) 2015

New statutory rule amends disqualification provisions preventing individuals who are bankrupt from being elected or appointed to, or holding, an office of position, or from becoming or remaining a member of a body or group.

19 March, 2015

Amendment of the ‘Sheriff Court Bankruptcy Rules’

New regulations issued in Scotland that amend the Act of Sederunt (Sheriff Court Bankruptcy Rules) 2008 and Chapter 72 of the Rules of the Court of Session 1994 in relation to certain functions that were previously carried out by the court having been transferred, by the Bankruptcy and Debt Advice (Scotland) Act 2014, to the Accountant in Bankruptcy, the body responsible for administering the process of personal bankruptcy in Scotland.

12 March, 2015

Financial Inclusion Commission calls for more coherent approach to customer-focused debt advice

In a new report, 'Financial Inclusion: Improving the financial health of the nation', the Commission sets out a vision for a financially inclusive society and makes recommendations on what steps need to be taken to make this a reality.

11 March, 2015

Funding to Mortgage Debt Advice Service in Northern Ireland increased by 50 per cent

Increase in funding to enable the Housing Rights Service, which provides the service, to provide support to more people who are in mortgage crisis and further help reduce the risk of people facing homelessness and repossession.

10 March, 2015

Council tax arrears cases up 372 per cent in five years

StepChange Debt Charity also reports that the average amount of council tax owed by clients has risen by £157 over the same period.

10 March, 2015

Payday lenders failing customers in arrears, says Financial Conduct Authority

In new report, Authority says that it found serious non-compliance and unfair practices in all firms that it reviewed, leading to poor outcomes for many customers and in some cases, serious detriment and financial loss.

3 March, 2015

Government publishes new fuel poverty strategy for England

New strategy, the first in nearly 14 years, aims to set a durable framework for future fuel poverty policies with an ambitious new legal target and a strong accountability system, says Minister.

3 March, 2015

Insolvency (Amendment) Rules 2015

New regulations that enable the High Court to transfer winding-up cases to the County Court at Central London, and introduce new requirements for insolvency practitioners in relation to the provision of information relating to fees and expenses.

27 February, 2015

Bankruptcy (Miscellaneous Amendments) (Scotland) Regulations 2015

New regulations issued that, in the main, make minor corrections and improvements to the Bankruptcy (Scotland) Regulations 2014, the Bankruptcy (Applications and Decisions) (Scotland) Regulations 2014, and the Bankruptcy Fees (Scotland) Regulations 2014.

27 February, 2015

Water Industry (Charges) (Vulnerable Groups) (Consolidation) Regulations 2015

New regulations issued in relation to the duty on water companies to provide assistance to metered households on low incomes who may struggle to afford their water bills.

27 February, 2015

Insolvency Practitioners (Amendment) Regulations 2015

New regulations issued that provide for relaxation of the record keeping requirements for insolvency practitioners.

27 February, 2015

Debt related mental and physical health problems cost the UK £979m, estimates StepChange

In a recent survey of the charity's clients, 47 per cent of respondents said they had visited their GP as a result of mental or physical health problems caused by their debts, and a further 6 per cent had visited hospital and 5 per cent had visited Accident and Emergency.

Source: http://www.stepchange.org/Mediacentre/Pressreleases/Healthservicesstrain.aspx

25 February, 2015

Creditors still chasing debts despite Debt Relief Orders, says Citizens Advice

According to new report, 85 per cent of advisers surveyed say that clients being chased for payments despite the debts being listed in the Debt Relief Order.

24 February, 2015

Competition and Markets Authority publishes final report on payday lending

Measures designed to lower costs to consumers include that online payday lenders will be ordered to publish details of their products on at least one price comparison website which is authorised by the Financial Conduct Authority.

23 February, 2015

Financial Conduct Authority asks financial providers to review approach to customer vulnerability

New research reveals that some vulnerable consumers seeking help from financial providers are meeting ‘a computer says no’ approach, putting them at risk of further detriment.

20 February, 2015

Community Charge Debt (Scotland) Bill receives final approval

Passing of Bill means that any liability to pay community charge arrears ended on February 1 2015, and surcharges, civil penalties and fees, and other financial outlays for community charge debt enforcement action also cease to be collectable.

16 February, 2015

Council tax debt now most common debt problem, says Citizens Advice

Today’s findings from report 'Consumer Challenges 2015', due out tomorrow, which highlights that since 2012/2013 a growing proportion of people have been seeking help with rent, council tax, water and fuel debts whilst the proportion of debt issues around credit cards, mortgages and unsecured personal loans has declined.

13 February, 2015

Early intervention needed to tackle repossession, says NI Social Development Minister

Commenting on a new report from the Housing Repossession Taskforce, Minister says: 'Managing a crisis when a household reaches the cliff edge of repossession is complicated, expensive and distressing, and is unfortunately all too common in Northern Ireland.'