The bill, which overhauls legislation that has been left unchanged for
decades, will modernise how personal debt is dealt with in Scotland,
as the number of Scots going bust hits record levels.
ICAS represents the vast majority of Scotland’s Insolvency Practitioners who
deal with the effects of personal bankruptcy on a daily basis.
‘The problem of personal debt is becoming a huge issue not just for those
affected, but for society in general,’ ICAS insolvency director Anne Bryce told
the Credit Control Journal.
‘Our politicians have recognised that, and this bill will go some way to
overhauling the personal bankruptcy process. Crucially though, as the committee
considering the legislation advised, the Scottish Executive and the
must work together to change the situation at the moment, where people without
the means to repay loans are still offered credit.’
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
Engineering and technology executives have voiced concerns over the government’s industrial strategy and the need to fill the R&D funding and long-term investment gap in a post-Brexit Britain
This year’s Finance Act is 649 pages, the second longest recorded, and highlights the increasing complexity for taxpayers of an ever expanding tax code
The International Integrated Reporting Council (IIRC) and the CIPFA have launched an introductory guide for leaders on integrated thinking and reporting