Debt news and case law

20 April, 2020 Open access

Government must take urgent action to ‘close the gaps’ in its support of household finances during the COVID-19 crisis

Money Advice Trust calls for additional funding to enable local authorities to offer payment holidays on council tax bills, and to pause arrears collection and enforcement action

17 April, 2020 Open access

FCA announces proposals to support high-cost credit customers facing financial difficulties due to coronavirus

New package of measures includes a one-month interest-free payment freeze on payday loan repayments

14 April, 2020 Open access

High Court considers the legal basis upon which the administrators of an insolvent company might ‘furlough’ the company’s employees pursuant to the Coronavirus Job Retention Scheme

[2020] EWHC 886 (Ch)

9 April, 2020 Open access

FCA introduces temporary financial relief measures for consumers facing payment difficulties during the COVID-19 outbreak

Rule changes commence today and will be fully implemented by 14 April 2020

7 April, 2020 Open access

Extension of ‘breathing space’ for people with problem debt in Scotland extended to six months during coronavirus outbreak

New measures set out in Coronavirus (Scotland) Act 2020 that received Royal Assent yesterday

2 April, 2020 Open access

‘Breathing space’ for people with problem debt to be extended from six weeks to six months under Coronavirus (Scotland) Bill

Bill, passed unanimously in Scottish Parliament yesterday, also removes the limitation on applying for breathing space more than once in a 12 month period

2 April, 2020 Open access

FCA proposes three month payment freeze on loans and credit cards, and zero interest on up to £500 of arranged overdrafts, for those impacted by coronavirus

Proposals are among package of measures to be introduced from 9 April 2020 if confirmed following consultation

1 April, 2020 Open access

COVID-19 crisis has revealed widespread financial vulnerability and long-term changes to support are necessary to build resilience, says StepChange

Debt charity says new statistics are a worrying indicator of people’s financial fragility, with many households only just managing to scrape by

26 March, 2020 Open access

Debt charities call for bailiff action to be suspended during coronavirus outbreak

While some councils are taking action locally, clear instruction is needed from government to ensure all local authorities comply

23 March, 2020 Open access

Failure to maintain Debt Arrangement Scheme payments in Scotland will not lead to revocation of the Arrangement if causally linked to coronavirus

Scotland’s Accountant in Bankruptcy also suspends all sale and eviction from property in ongoing bankruptcy administrations

18 March, 2020 Open access

Chancellor announces a minimum three month mortgage holiday for those affected by coronavirus

Government confirms that payment holidays will also be adopted 'where necessary' for Help to Buy customers

11 March, 2020

Additional £12.5 million to be invested in HMRC to help it to prepare for breathing space

In Budget 2020, government says funding for 2020/2021 will support the Revenue in beginning work immediately on implementation of new initiative

3 March, 2020

Stigma is a key barrier to seeking help with debt, says Money Advice Scotland

New report calls for camapaign to increase awareness of debt and reduce stigma as part of Scottish Government's Debt Advice Routemap

25 February, 2020

Harsh collection processes used for council tax debt are forcing people into desperate hardship

Outdated government regulations are pushing councils to use the courts, adding legal costs and bailiff fees to the debt, says Citizens Advice

19 February, 2020

Money Advice Trust publishes guide to help creditors support people with both mental health and debt problems

New guide provides information on how mental health conditions affect ability to manage money and practical advice on improving support

17 February, 2020

Cross-party group joins with debt advice campaigners to urge the government to act on bailiff reform

Extent to which the bailiff industry remains so poorly regulated is deeply concerning, and instances of threatening behaviour remain a serious concern, say MPs and peers

14 February, 2020

High Court considers operation of time limit provisions under the Insolvency Rules for service of an application by trustees in bankruptcy

[2020] EWHC 230 (Ch)

10 February, 2020

StepChange launches new online information and guidance hub for those receiving ‘persistent debt’ letters

Service responds to creditor action following new rules introduced by the Financial Conduct Authority

6 February, 2020

Government forecasts that 700,000 people will be helped by breathing space debt scheme in its first year

Alongside publication of impact assessment, Treasury Minister reaffirms commitment to introduce the scheme in 2021

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