AiB has reviewed over 1,500 cases using the new 2018 Common Financial Statement and Standard Financial Statement trigger figures.
The Common Financial Statement is the budgeting tool used by advice agencies and insolvency practitioners in Scotland to produce an accurate overview of debtors' income and expenditure. It is then used to determine the amount of contribution a debt must pay if they are in a statutory debt solution or debt management product in Scotland.
AiB is considering replacing the Common Financial Statement with the Standard Financial Statement. Support for the Common Financial Statement will end shortly and some organisations are already starting to use the Standard Financial Statement.
Analysis of 1,511 cases using the pre-2018 trigger figures for both the Common Financial Statement and the Standard Financial Statement has already been published by AiB.
The same cases have since been revisited by AiB using the new 2018 trigger figures and this analysis is also available to read.