Debt

A public consultation is seeking views on formal debt recovery mechanisms (diligence) and statutory debt solutions such as moratorium protection, bankruptcy, protected trust deeds and the debt arrangement scheme. The consultation, running until 7 October 2022, forms part of a wide-ranging review ann

Iain Penman explains the advantages and disadvantages of a Minimal Asset Process (MAP) bankruptcy in Scotland. Bankruptcy, or sequestration as its often called in Scotland, is governed by the Bankruptcy (Scotland) Act 2016 and is available to people, partnerships, trusts and some other unincorp

Alan McIntosh calls for an extension to emergency laws aimed at helping Scots who are struggling financially in the midst of the pandemic. As Scotland enters phase 3 of the route map to exit the lockdown, there is a danger of being seduced into believing the Scottish economy will bounce back an

Dawn Reoch discusses business debt in the aftermath of the coronavirus pandemic. The Before

Alan McIntosh explains why it is "vital" that the amendments proposed by Jackie Baillie MSP to the latest coronavirus bill are implemented. The role of the Scottish government in this crisis is to protect its citizens, and as we move through this COVID-19 crisis and diverge from the rest of the

A Holyrood committee is undertaking an inquiry into protected trust deeds (PTDs) amid concerns over their use. PTDs are a type of insolvency, similar to bankruptcy, which commits the debtor to an agreed payment schedule in return for a substantial write-off of debt and protection from creditors.

Bailiffs in England and Wales are to be required to wear body cameras to ensure that debts are collected fairly and safely without intimidation of vulnerable consumers. The Ministry of Justice said the vast majority of bailiffs, who enforce debts including council tax debt and unpaid debts owed to i

In the first three months of 2019, the number of decrees against Scottish businesses dropped by 25 per cent, compared to the same period of 2018, according to figures released today by Registry Trust. The total, 561, was the lowest of any quarter on record.