Debt news and case law

8 September, 2022

Government announces Energy Price Guarantee to limit average household energy bills to £2,500 over next two years

New measure to be applied automatically by energy companies and supersede energy price cap of £3,549 from 1 October 2022

6 September, 2022

Increases in fees in relation to insolvency proceedings in England and Wales

New statutory instrument

1 September, 2022

400,000 households with heating supplied through communal systems are unprotected by energy price cap

Even low usage homes are projected to face energy price increases that are more than £1,000 per year more than October’s domestic energy price cap increase

1 September, 2022

MaPS launches call for evidence on debt advice clients with deficit budgets

Views sought on what more help could be offered where a client presents with a deficit budget, as well as what MaPS can do to facilitate this support

26 August, 2022 Open access

Ofgem confirms energy price cap to increase to more than £3,500 a year from 1 October 2022

It's clear the new Prime Minister will need to act to tackle the impact of the price rises that are coming, says energy regulator

26 August, 2022

Legal action planned against energy regulator Ofgem over its failure to mitigate the impact of rising energy bills on consumers

High Court will be asked to ensure regulator carries out impact assessment of any disproportionate impact of increasing the price cap on groups including elderly people, children and people with disabilities

24 August, 2022

Committee on Fuel Poverty urges government to consider whether further cash support is needed in light of expected rise in energy price cap

Letter to BEIS Permanent Secretary also expresses concern about delivery of Energy Bill Support Scheme for people with traditional pre-payment meters, and those who pay energy bills as part of their rent

24 August, 2022

MaPS confirms that it will extend existing regional debt advice contracts beyond February 2023 while it works on ‘three-phased approach’ to future advice commissioning

However, while welcoming positive response to request for extended funding, We Are Debt Advisers maintains position that guaranteed funding until at least 2025 is needed to remedy recruitment problems

24 August, 2022

High Court rejects debtor’s claim that bankruptcy petition should be dismissed as he is ‘able to pay his debts’, but agrees adjournment to give him time to realise assets

Commissioners for Her Majesty's Revenue and Custsoms v De Freitas [2022] EWHC 1946 (Ch)

17 August, 2022

Urgent action needed from Money and Pensions Service to address debt advice staffing shortages

We Are Debt Advisers calls for extension of debt advice contracts to March 2025 in light of survey showing that agencies are struggling to recruit due to uncertainty about funding

17 August, 2022

Citizens Advice warns that one in four people will not be able to afford their energy bills in October

Government must act urgently or 'risk a winter of despair for millions', says Chief Executive

17 August, 2022

High Court dismisses trustee in bankruptcy’s claims that debtor had transferred joint legal title of matrimonial home into wife’s sole name to put his beneficial interest beyond the reach of creditors

Hinton v Wotherspoon [2022] EWHC 2083 (Ch)

15 August, 2022

Scottish Government proposes introduction of a specific mental health process as part of Scotland’s statutory debt moratorium scheme

Consultation on proposals for reform of debt solutions also recommends changes to formal debt recovery mechanisms, bankruptcy and Protected Trust Deeds

11 August, 2022 Open access

Bankruptcy rules amended in Scotland to make similar provision to temporary changes introduced at the start of the Covid-19 pandemic

Coronavirus (Recovery and Reform) (Scotland) Bill receives Royal Assent

9 August, 2022

Government must at least double the current £1,200 cost of living support package to prevent a difficult winter becoming a catastrophe

It’s time the government treated the soaring cost of living like the emergency it is, says Joseph Rowntree Foundation

5 August, 2022

ONS finds that rising cost of living caused around 16 million people to cut back on food and essentials between March and June 2022

Survey data also shows that around 24 million people used less gas and electricity, with percentage of those cutting back on both food and energy higher among disabled people

4 August, 2022

Ofgem’s decision to review energy price cap quarterly rather than every six months is ‘simply inhumane’

End Fuel Poverty Coalition warns that decision will lead to two price increases over the winter, forcing millions to face 'the real prospect of skipping meals to pay for energy'

3 August, 2022

Government’s proposed Statutory Debt Repayment Plan does not provide a workable solution for those seeking help with unmanageable debt

We are Debt Advisers also warns that proposals would damage relationship between debt advisers and people they are engaged to help

1 August, 2022

High Court holds that it was ‘fair and reasonable in all the circumstances of the case’ for the Financial Ombudsman to take into account events more than six years before complaint was made

Mortgage Agency Service Number Five Ltd, R (On the Application Of) v Financial Ombudsman Service Ltd [2022] EWHC 1979 (Admin)

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