Menu
03/10/2005
National scheme to tackle personal debt
People with personal debt problems are set to benefit from a new national scheme, which encourages early contact between debtors and creditors.
The introduction of Pre-Action Notices (PAN), by the Department for Constitutional Affairs, is aimed at helping people to resolve debt difficulties without going to court.
PANs will be issued by the court as a last action by the creditor before issuing a claim and will outline:
If debtors decide to seek advice, the creditors will have to allow “sufficient time” for them to meet and decide a course of action before making a claim.
A pilot PAN scheme, announced on Monday, will run for 12 months and will involve 10 creditors from the utility, government and debt collection sectors. It will also be restricted to consumer debt.
Announcing the scheme, Baroness Cathy Ashton, Under-Secretary of State at the DCA, said: “The PAN will ensure that debtors receive information on the options available to them to avoid court action. They will also be told where to seek advice and assistance.
“It will mean that debt problems can be resolved earlier without the need to go to court. This will save both the debtor and creditor the cost and stress of unnecessary or inappropriate court action.”
(KMcA/SP)
The introduction of Pre-Action Notices (PAN), by the Department for Constitutional Affairs, is aimed at helping people to resolve debt difficulties without going to court.
PANs will be issued by the court as a last action by the creditor before issuing a claim and will outline:
- details of the debt allegedly owed
- debtor’s options to resolve the problems immediately
- sources of independent debt advice
- that increased liabilities may be incurred if court action is taken
If debtors decide to seek advice, the creditors will have to allow “sufficient time” for them to meet and decide a course of action before making a claim.
A pilot PAN scheme, announced on Monday, will run for 12 months and will involve 10 creditors from the utility, government and debt collection sectors. It will also be restricted to consumer debt.
Announcing the scheme, Baroness Cathy Ashton, Under-Secretary of State at the DCA, said: “The PAN will ensure that debtors receive information on the options available to them to avoid court action. They will also be told where to seek advice and assistance.
“It will mean that debt problems can be resolved earlier without the need to go to court. This will save both the debtor and creditor the cost and stress of unnecessary or inappropriate court action.”
(KMcA/SP)
Related UK National News Stories
Click here for the latest headlines.
15 September 2003
New 'fast and fair' insolvency rules introduced
New rules on corporate insolvency, designed to make it faster, fairer and focused on rescue, come into force today. The changes, contained in the Enterprise Act 2002, will also abolish the Crowns preferential claim - benefiting unsecured creditors, many of whom are small businesses.
New 'fast and fair' insolvency rules introduced
New rules on corporate insolvency, designed to make it faster, fairer and focused on rescue, come into force today. The changes, contained in the Enterprise Act 2002, will also abolish the Crowns preferential claim - benefiting unsecured creditors, many of whom are small businesses.
27 April 2012
Government Departments Outsourcing Debt Collection
Government departments tasked debt collection agencies with recovering almost £60bn in unpaid consumer debt last year, according to figures release for the first time by the industry.
Government Departments Outsourcing Debt Collection
Government departments tasked debt collection agencies with recovering almost £60bn in unpaid consumer debt last year, according to figures release for the first time by the industry.
14 February 2011
Funding Of £27m Secures Face-To-Face Debt Advice Programme
The future of the face-to-face debt advice programme has been secured today with the Government announcing £27 million of funding for the next year. The Government wants to ensure that individuals facing financial difficulty can get valuable impartial advice early, rather than wait until their problems become much more difficult to resolve.
Funding Of £27m Secures Face-To-Face Debt Advice Programme
The future of the face-to-face debt advice programme has been secured today with the Government announcing £27 million of funding for the next year. The Government wants to ensure that individuals facing financial difficulty can get valuable impartial advice early, rather than wait until their problems become much more difficult to resolve.
04 February 2010
Interest Rates And 'Easing' Held
The Bank of England today held interest rates at 0.5%, with so-called 'quantitative easing' being mainted at £200 billion. The UK officially climbed out of recession last month, following a 0.1% growth in output. "After a substantial fall in output, the UK economy recorded sluggish growth in the final quarter of 2009," the bank said this morning.
Interest Rates And 'Easing' Held
The Bank of England today held interest rates at 0.5%, with so-called 'quantitative easing' being mainted at £200 billion. The UK officially climbed out of recession last month, following a 0.1% growth in output. "After a substantial fall in output, the UK economy recorded sluggish growth in the final quarter of 2009," the bank said this morning.
18 January 2006
CSA reforms could see private firms chase absent parents
Private debt collectors could be set to take over the collection of money from parents who fail to pay child support. Plans have emerged regarding efforts to reform the Child Support Agency (CSA), which has been under sustained attack for failing to meet a wide range of criteria.
CSA reforms could see private firms chase absent parents
Private debt collectors could be set to take over the collection of money from parents who fail to pay child support. Plans have emerged regarding efforts to reform the Child Support Agency (CSA), which has been under sustained attack for failing to meet a wide range of criteria.
-
Northern Ireland WeatherThis Evening and Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Perhaps a touch of ground frost. Cloud will spread east towards morning. Minimum temperature 2 °C.
