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.
In September two apparently contradictory headlines appeared in Glasgow’s Herald newspaper. The first stated that there had been a ‘Massive Drop in Scottish Court Cases Since 2008’. Indeed the latest figures disclose a decrease of some 54% in court actions from 2008 to where we are today. Two thirds of them were settled in favour of the creditor. The second headline declared a ‘Rise in Householders Struggling to Pay Bills’.
According to a recent statement from Direct Line Insurance, more than 8 million people risk their relationship with their partner by hiding the fact that they are in debt. The Insurance Company has also stated that a staggering 460,000 people have said that they would not have commenced a relationship if their partner had not told them about their borrowings.
Legal changes can have a dramatic impact on you and your business. To ensure you are kept up to date with the latest developments and have the knowledge to make timely, effective decisions, please sign up for our free updates.