"All those involved in debt recovery are aware of the increasingly complex legislative regime in which they operate. This publication gives a practical guide through the regulatory maze." (Stephen Cowan).
The “Common Financial Statement” is a standard budget format which helps creditors, advisers and people with debt get a clear picture of an individual’s or household’s financial situation.
Many people will either receive or give store gift cards this Christmas.
The general public is well aware of the gift card debacle following the administration of the House of Fraser. Basically the administrators refused to honour them. They said that the gift card holders were unsecured creditors of the company. The net result is that, at most, they will receive only a few pence in the pound on the card.
In a recent case a Russian oligarch feared for his life and was, apparently, the victim of a burglary conjured up by his ex-wife. And to make matters worse the ex-wife was accused of threatening to get him deported from the UK.
The number of Scottish debts is on the increase. They rose by more than a third in the last quarter.
Inverclyde Council is the first Scottish Council to provide its residents with real-time help with debt. And with this being the first time which a council has provided live chat facilities no doubt some of Scotland’s other councils will soon follow suit. With the new service being available on the councils website.
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