Wider review - stage 2

Stage 2 consisted of a review of existing debt solutions to determine if any improvements could be made. Three stakeholder led working groups were established and were tasked with a different debt solution to focus on:

• Group 1 – Moratorium and the Common Financial Tool
• Group 2 – Protected Trust Deeds
• Group 3 – Bankruptcy and cross-cutting issues

Each of the groups has now finalised their reports of recommendations and these will be considered by the Minister for Public Finance, Planning and Community Wealth. These are included below and should be read in conjunction with the following supporting documents:

• Introduction to the stage 2 working group reports
• Glossary, acronyms and legislation

Reports and Summary

• Group 1 report
• Group 2 report
• Group 3 report
• Working groups’ summary of issues and recommendations

Other Relevant documents

• Meeting minutes from each working group
• Invitation for volunteers to form stakeholder working groups
• Agreed terms of reference