The Economy, Energy and fair Work Committee has taken evidence on a range of issues associated with debt solutions during the current Parliamentary Session. This has covered scrutiny of legislation laid on the Common Financial Tool used to assess contribution levels within statutory debt solutions, significant reforms introduced to the Debt Arrangement Scheme that were introduced on 4 November 2020 and the Committee’s own inquiry into the operation of Protected Trust Deeds.
Full information can be found on the links below:
The Common Financial Tool (Scotland) Regulations 2018
The Debt Arrangement Scheme (Scotland) Amendment Regulations 2019
Protected Trust Deeds Inquiry - Call for evidence 22 November 2019 - Report 21 May 2020
Letter from Minister for Business, Fair Work and Skills - Wider review of debt solutions - October 2020