Lots of stories about Schemes of Arrangement this week, together with the “no news” from the Amigo court docket case on Wednesday.
Tweet of the week
#NationalNumeracyDay – so conflicted.
Being higher with numbers gained’t lend a hand should you’re within the >45% of debt recommendation shoppers with adverse disposable source of revenue even after budgeting recommendation and source of revenue maximisation.
— Gareth McNab (@McnabGareth) May 19, 2021
Commissioning Debt Advice in England – Market Engagement Webinar MAPS: My remark – how are tenders conceivable with out a transparent steering at the head to head provision this is required?
Schemes of Arrangement:
Commentary – Monthly Insolvency Statistics April 2021 Insolvency Service: Bankruptcies and DRO numbers have been each not up to in April 2019 (pre-pandemic) through 46% (bankruptcies) and 40% (DROs). IVAs have been 11% upper.
Homebuyers face veto as loan caps hit mortgages Times (paywall): If costs don’t cool, lending limits imposed through the Bank to forestall families getting over indebted “would certainly begin to have a stronger impact”.
The hidden harm of financial abuse FCA Insight: The indisputable fact that monetary abuse is so neatly hidden and that its sufferers are, through the very nature in their scenario, frequently invisible to the monetary products and services sector and regulators can’t be a reason why for state of no activity.
Benefits & different information
Accidental savers ‘to stay prudent’ after lockdown BBC: The chance and uncertainty highlighted through Covid supposed many have been willing to construct a monetary cushion.
How the vulnerable lost their life savings while regulators stood by Independent: Currently, loopholes within the regulations and a patchwork of various enforcement businesses permit funding fraudsters to function with little concern of being held responsible when cash vanishes.
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