In September 2019, the then Minister for Business, Fair Work and Skills, Jamie Hepburn announced a wide-ranging review of Scotland’s statutory debt solutions.
This process is now underway and three expert working groups have been established to consider a range of issues and bring forward recommendations for Ministerial consideration during the next Parliamentary session.
This review process and the working group deliberations will also draw on a wide range of statistics. Accountant in Bankruptcy (AiB) has therefore prepared and published this ad-hoc statistics release today. This release will include analysis of bankruptcies in Scotland, including Minimal Asset Process (MAP), Full Administration and Creditor Petitions:
Number of MAP cases with the following dimensions:
Level of debt
Whether the application was accepted or refused
Number of Full Administration bankruptcies with the following dimensions:
- Level of debt
- Whether MAP criteria would have been satisfied had the debt or asset level fallen within MAP parameters.
- Reasons for being made bankrupt through the Full Administration route
Number of Creditor Petitions with the following dimensions:
- Level of debt
- Top petitioning creditors
The purpose of this ad-hoc statistics release is to assist all working groups in order to prepare a detailed assessment on any recommendations and the wider impact on all statutory debt solutions.
This release is not part of the regular Scottish Statutory Debt Solutions Statistics releases.
These statistics are used internally by AiB and the Scottish Government, and during stakeholder engagement to inform policy development. The Code of Practice for Statistics says that statistics producers must provide free and equal access to regular and ad-hoc official statistics. Therefore, AiB is bringing forward this ad-hoc statistics release.
For any enquiries in related to this ad-hoc statistics release, please contact Ken O’Neill: email@example.com.
For any general enquires in relation to the Stage 2 of the general review, please contact firstname.lastname@example.org.