18 June, 2014
18 June, 2014
New statutory instrument commences provisions for making regulations, orders or rules of court, amendments to the Debt Arrangement Scheme about non–natural persons, remuneration of office-holders and repeals to the Bankruptcy (Scotland) Act 1985. It also brings into force section 44 of the 2014 Act (representation of the Accountant in Bankruptcy in the Sheriff Court).
18 June, 2014
New statutory instrument brings into force provisions aligning debtor applications for sequestration with creditor petitions for sequestration by increasing the minimum debt limit from £1500 to £3,000 in Scotland.
13 June, 2014
Report by the Public Policy Institute for Wales on the levels of over-indebtedness in Wales reveals that 16 per cent, or 400,000 people, are in too much debt.
11 June, 2014
According to provisional findings, published today, a typical customer could save between £30 and £60 per year if the market were more competitive.
10 June, 2014
'The gradual erosion of some families’ surplus income in the face of rising prices has led to a new generation of debt problems – one to which more people are vulnerable, one which is harder to resolve, and one which has no definitive solution', says Joanna Elson, Chief Executive of the Money Advice Trust.
30 May, 2014
30 May, 2014
However, overall complaints have doubled, according to Financial Ombudsman Service's 2013/2014 Annual Review.
23 May, 2014
New report from University of Bristol and Joseph Rowntree Foundation seeks to 'unpick the research evidence to provide an over-view of the extent to which problem debt and consumer credit use cause poverty; and the extent to which poverty results in problem debt and consumer credit use'.
22 May, 2014
New insolvency statistics also show that bankruptcies are down 15 per cent and debt relief orders are down 9.3 per cent over the same period.
21 May, 2014
New research also highlights that £5.5bn of financial help for pensioners goes unclaimed each year.
21 May, 2014
Modelling by Resolution Foundation finds that around 770,000 households are at risk of being 'mortgage prisoners' due to a limited ability to switch to better mortgage deals and at risk of payments being at least one third of disposable income by 2018.
8 May, 2014
New report, backed by Archbishop of York, says that 2.5m children live with families who are £4.8bn behind on household bills and loan repayments, leading to anxiety, bullying and going without essentials.
2 May, 2014
New Act amends Chapter 74 of the Rules of the Court of Session 1994 and the Act of Sederunt (Sheriff Court Company Insolvency Rules) 1986 in consequence of the amendments made to the Insolvency (Scotland) Rules 1986 by the Insolvency (Scotland) Amendment Rules 2014.
2 May, 2014
New regulations that update and amend the Insolvency Rules in relation to receivership and the process of liquidation.
1 May, 2014
New legislation designed to 'ensure that appropriate, proportionate, debt management and debt relief mechanisms are available to the people of Scotland which are fit for the 21st Century.'
24 April, 2014
However, new Institute for Fiscal Studies report concludes that government won't know true outcome for decades as it depends on what happens to graduate earnings over that period.
22 April, 2014
New report sets out strategy for ending 'poverty premium' experienced by substantial minority of people whose finances are affected by squeeze in income, tightening of credit and reduction in welfare payments.
17 April, 2014
Regulators and government have quite rightly put payday lending in the spotlight but it is important other forms of credit are also subject to a strong crack-down and toxic forms of lending aren’t allowed to flourish, says Citizens Advice Chief Executive.
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