Debt news and case law

2 February, 2021 Open access

Lowest paid most likely to have lost income and increased debt since start of Covid-19 pandemic

New TUC survey finds that half of workers with income of less than £15,000 experienced fall in income, while three-in-ten reported increased debt

27 January, 2021

Regulatory reform needed to deal with misleading practices in promoting debt solutions, says StepChange

People seeking help need advice, not a 'hard sell' by companies working on behalf of 'commercial IVA factories'

15 January, 2021 Open access

Government must immediately ban all bailiff doorstep visits to prevent serious risks to public health

Money Advice Trust and other debt charities highlight that, as pandemic enters its most dangerous phase, the current suspension of bailiff enforcement of rental evictions should be extended to include suspension of all bailiff visits for debt enforcement

14 January, 2021 Open access

Public and Commercial Services Union calls for HMCTS to immediately suspend all bailiff enforcement activity during current lockdown

Union responds to increasing concerns from its HMCTS bailiff members that they fear for their safety in the current lockdown

13 January, 2021

Increasing student loan repayment earnings threshold to £25,000 in Scotland

New statutory instrument

12 January, 2021

Insolvency Service launches consultation on debt relief order eligibility criteria

Views invited on proposal to increase existing monetary limits including the total allowable debts that can be included

11 January, 2021

High Court declares that enforcement agent may enter into controlled goods agreement with debtor whether or not they have physically entered premises where goods are located

[2021] EWHC 15 (QB)

4 January, 2021 Open access

Households ‘teetering on the brink of financial ruin’ as coronavirus support cliff edges loom, says Shadow Chancellor

Labour Party urges Chancellor to fix Britain's broken safety net and tackle the root causes of income insecurity

22 December, 2020

Court of Session exercises discretion in favour of debtor, so that creditor is prevented from claiming PPI compensation awarded subsequent to ‘final distribution’ of assets

[2019] CSOH 106

17 December, 2020 Open access

Debt clients are more likely to have rent or council tax arrears, receive universal credit, or be out of work since COVID-19 crisis began

Survey of StepChange clients also finds that almost half its clients report material deprivation, such as going without meals or rationing basic utilities

11 December, 2020 Open access

More than seven million people estimated to have fallen behind with essential bills during coronavirus pandemic

Citizens Advice calls for targeted help for people who’ve built up debts during the pandemic, focusing on helping clear council tax and rent arrears

8 December, 2020 Open access

Almost four in ten self-employed people expect it to take more than a year for their business income to return to pre-COVID-19 level

In light of survey findings, Money Advice Trust calls on government to introduce 'Self-Employment Recovery Strategy', to include grant scheme for those excluded from SEISS and reform of universal credit minimum income floor

30 November, 2020

High Court rules that a third-party loan to a debtor, paid direct to petitioner to clear bankruptcy debt, is not a void disposition under section 284 of the Insolvency Act 1986

[2020] EWHC 3232

25 November, 2020 Open access

StepChange confirms that applications for Covid Payment Plan are now open

New plan enables people whose income has been temporarily affected by coronavirus to make reduced payments on borrowing for up to a year

20 November, 2020 Open access

Financial Conduct Authority confirms updated support for consumer credit customers impacted by coronavirus

New guidance comes into force from 25 November 2020, although lending firms are encouraged to provide enhanced support immediately where they can

19 November, 2020

Introduction of breathing space and mental health crisis moratoriums on enforcement action and the charging of interest and fees from May 2021

New statutory instrument

18 November, 2020 Open access

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Debt

Lowest paid most likely to have lost income and increased debt since start of Covid-19 pandemic

New TUC survey finds that half of workers with income of less than £15,000 experienced fall in income, while three-in-ten reported increased debt

Regulatory reform needed to deal with misleading practices in promoting debt solutions, says StepChange

Government must immediately ban all bailiff doorstep visits to prevent serious risks to public health

Public and Commercial Services Union calls for HMCTS to immediately suspend all bailiff enforcement activity during current lockdown

Increasing student loan repayment earnings threshold to £25,000 in Scotland

Insolvency Service launches consultation on debt relief order eligibility criteria

High Court declares that enforcement agent may enter into controlled goods agreement with debtor whether or not they have physically entered premises where goods are located

[2021] EWHC 15 (QB)

Households ‘teetering on the brink of financial ruin’ as coronavirus support cliff edges loom, says Shadow Chancellor

Court of Session exercises discretion in favour of debtor, so that creditor is prevented from claiming PPI compensation awarded subsequent to ‘final distribution’ of assets

Debt clients are more likely to have rent or council tax arrears, receive universal credit, or be out of work since COVID-19 crisis began

More than seven million people estimated to have fallen behind with essential bills during coronavirus pandemic

Almost four in ten self-employed people expect it to take more than a year for their business income to return to pre-COVID-19 level

High Court rules that a third-party loan to a debtor, paid direct to petitioner to clear bankruptcy debt, is not a void disposition under section 284 of the Insolvency Act 1986

StepChange confirms that applications for Covid Payment Plan are now open

Financial Conduct Authority confirms updated support for consumer credit customers impacted by coronavirus

Introduction of breathing space and mental health crisis moratoriums on enforcement action and the charging of interest and fees from May 2021

Young people, ethnic minorites and renters most at risk of debt caused by coronavirus pandemic, says IPPR

Financial Conduct Authority confirms updated support for mortgage borrowers impacted by coronavirus

New long-term household debt crisis is ‘inevitable’ without urgent intervention, StepChange debt charity warns