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Debt news – 28 March 2021

For debt advisers, two bits of interest from this week news – the Technical guidance for Official Receivers is back online and the statistics showing which advice agencies set up the most DROs.


Debt news

Debt Awareness Week:

  • Noah’s Ark Money Advice Service – video of interview of a client helped to go bankrupt
  • ‘I struggled with the bills and my health’ BBC: Before the pandemic, Money A+E was helping people with debts of hundreds of pounds. Now the average amount owed is more than £10,000.
  • We need more focus on the causes of debt Poverty2Solutions: we call on all of us to look not just at the impact of debt on individual lives; but also at the drivers of debt; and the Government’s own role here as a debt collector. 

Who sets up the DROs?
I asked @insolvencygovuk for data by the authorising body: pic.twitter.com/6vWvmCC3Hq

— Debt Camel (@DebtCamel) March 25, 2021

Technical guidance for Official Receivers Insolvency Service: It’s back! Congrats to the IPs and debt advisers who have been pushing for this useful resource to return.

Regulatory Update Regarding Scheme of Arrangement Amigo RNS

  • Will Amigo’s Scheme reject too many claims? my article on it
  • You and Yours BBC Radio: Stella Creasy at about 30 minutes in talking about the FCA’s decision
  • Watchdog will not block cap on Amigo payouts Times (paywall)

Benefits & other news

Family Resources Survey: financial year 2019 to 2020 gov.uk: In the spreadsheet table 9.7: Households by state support receipt and household food security tatus1, 2019/20 shows 43% of people on Universal Credit are “food insecure”.

Housing crisis leaves boy, 10, with 170-mile round trip to school in Birmingham Guardian: Homeless family were put up in hotel room in Manchester, meaning he had to be driven from there each day

Virgin Media warned after failing to pay out on claims Times (paywall): The telecoms company did not comply with orders to pay customers’ compensation.

Fatal truth: how the suicide of Alex Reid exposed the hidden death toll of domestic violence Guardian: Nine months after the outgoing and talented nurse started dating Peter Yeung, she was dead.

Online injustice during Covid-19 Greater Manchester Law Centre: The more widespread such [online] hearings have become, the greater the risk that tenants, employees and benefits claimants have been deprived of a fair hearing.

‘The worst I’ve ever seen’: The appalling and ‘unliveable’ council housing conditions some have endured during lockdown ITV news: Before you even see the black mould and the damp inside the flats, you can smell it in the corridors. Before you see the water falling from the ceilings and coming down the walls, you can hear it: the tortuous, continuous drip, drip, drip of dirty water into buckets.

COVID-19 Day of Reflection: injustices must not be forgotten JRF: this day of reflection is also a time for us to highlight the health and social injustices it has exposed, and come together to call for change.

March 28, 2021 Author: Sara Williams

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