Personal Insolvency Bill not fit for purpose
State-funded insolvency practitioners are essential for those debtors falling between the cracks, writes Paul Joyce.
When the scheme of the Personal Insolvency Bill was first published in January 2012, Free Legal Advice Centres (Flac) prepared a lengthy submission critically evaluating the proposals. Published in March 2012, it ran to 38 pages and considered in detail the pros and cons of the proposed scheme, drawn from our experience of debt settlement legislation internationally.
To illustrate some of Flac's concerns at the time:
Under the heading Licensing and monitoring of trustees' we noted that ''the...
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