General review - stage 3

This stage involves a longer term strategic review of the debt solutions to assess if they meet the needs of a modern economy.  This work is likely to include consider

  • Critical assessment of existing debt solutions to establish if they are fit for purpose and meet the needs of a modern economy
  • Treatment of the family home in debt solutions
  • Need for assessment of trading entities within the personal insolvency system – whether they need to be treated differently
  • Funding of the insolvency/debt system
  • Regulation of the insolvency system

This work will be led independently from AiB and the Scottish Government and we expect this to commence later in 2021.