27 March, 2015
27 March, 2015
Following responses to a previous consultation, the Insolvency Service has drafted a further working draft of new Insolvency Rules which will replace the Insolvency Rules 1986 and all its amendments, and are intended to come into force in April 2016.
27 March, 2015
New Act that includes provision for regulation of insolvency practitioners including a requirement that they should provide services at a cost which is fair and reasonable.
27 March, 2015
New Act that includes provisions relating to authorisation of insolvency practitioners, and improving access to bank accounts for bankrupts.
27 March, 2015
New statutory instrument that increases the minimum level at which a creditor may petition for an individual's bankruptcy in England and Wales from £750 to £5,000.
27 March, 2015
New report - Wales in the Red - also finds that almost a third of Welsh clients were paying more than 25 per cent of their income towards servicing their debts at the time of contacting the charity.
26 March, 2015
26 March, 2015
Act of the Scottish Parliament to extinguish various liabilities arising by virtue of the Abolition of Domestic Rates Etc. (Scotland) Act 1987.
24 March, 2015
New statutory instrument amends amends provisions of the Financial Services and Markets Act 2000 including the definition of 'domestic premises supplier' - a category of suppliers which require authorisation under the Act in order to carry out certain activities relating to the supply of credit - and also ensures that credit broking in relation to a hire purchase agreement is a 'relevant credit activity', which is relevant to determine which threshold conditions the suppliers have to satisfy for authorisation.
23 March, 2015
'Review has found that our work on debt advice has been largely successful and has made a positive difference for consumers, notes MAS Chief Executive.
23 March, 2015
Government welcomes review’s recommendations that MAS should make sure customers continue to receive high quality debt advice while ensuring value for money, and the commitment secured by the review from the energy and water sectors to each contribute £1 million to MAS-funded debt advice in the next financial year.
23 March, 2015
Report recommends measures to improve the effectiveness and reach of debt advice, overseen by a Debt Advice Steering Group of funders and debt advice charities, chaired by the Money Advice Service.
23 March, 2015
New statutory rule amends disqualification provisions preventing individuals who are bankrupt from being elected or appointed to, or holding, an office of position, or from becoming or remaining a member of a body or group.
19 March, 2015
New regulations issued in Scotland that amend the Act of Sederunt (Sheriff Court Bankruptcy Rules) 2008 and Chapter 72 of the Rules of the Court of Session 1994 in relation to certain functions that were previously carried out by the court having been transferred, by the Bankruptcy and Debt Advice (Scotland) Act 2014, to the Accountant in Bankruptcy, the body responsible for administering the process of personal bankruptcy in Scotland.
12 March, 2015
In a new report, 'Financial Inclusion: Improving the financial health of the nation', the Commission sets out a vision for a financially inclusive society and makes recommendations on what steps need to be taken to make this a reality.
11 March, 2015
Increase in funding to enable the Housing Rights Service, which provides the service, to provide support to more people who are in mortgage crisis and further help reduce the risk of people facing homelessness and repossession.
10 March, 2015
StepChange Debt Charity also reports that the average amount of council tax owed by clients has risen by £157 over the same period.
10 March, 2015
In new report, Authority says that it found serious non-compliance and unfair practices in all firms that it reviewed, leading to poor outcomes for many customers and in some cases, serious detriment and financial loss.
3 March, 2015
New strategy, the first in nearly 14 years, aims to set a durable framework for future fuel poverty policies with an ambitious new legal target and a strong accountability system, says Minister.
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