The report from the Enterprise and Life Long Learning committee on the
Scottish Executive’s Bankruptcy and Diligence Bill, has been welcomed by the
Institute of Chartered Accountants of Scotland.
The committee said trust deeds should continue to have a major role to play
and that they should be simple to access, rigorously monitored and appropriately
It also said that it did not believe a case has been made for the setting of
a minimum dividend of 30 pence in the pound.
ICAS said both recommendations were ‘sensible and in the public interest’.
The institute also welcomed the recommendation that the debt advice and
information package should be extended to protected trust deeds and advice
provided by insolvency practitioners
ICAS director of insolvency Anne Bryce, said: ‘We had a very productive
meeting with the Deputy Minister, Allan Wilson, at which we were asked to come
forward with constructive solutions to the situation surrounding protected trust
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children