Advice agencies and insolvency practitioners are advised the new 2019 Common Financial Statement trigger figures will apply for all cases in progress on AiB's Common Financial Tool database on or after 1 April 2019.

The Common Financial Statement is the budgeting tool used by money advisers and insolvency practitioners in Scotland to produce an accurate overview of debtors' income and expenditure. It is then used to determine the amount of contribution a debtor must pay if they are in a statutory debt solution or debt management product in Scotland.

More information about the Common Financial Statement is available on the Common Financial Statement website (link is external).