Please note our 0800 helpline is closed this morning until 11:30am for team training. We'll be open as usual after that.
Please note our 0800 helpline is closed this morning until 11:30am for team training. We'll be open as usual after that.
Connect » Policy and government » New financial rehab regulations laid in Scottish Parliament
20 February 2015
Yesterday, the tools that will be used to implement the changes to the Scottish personal bankruptcy regime announced last year were presented to the Scottish Parliament. As part of this, debtors will be allowed a 'contingency allowance’ when calculating the payment they will make to their creditors. This will act as a safety-net in emergencies, giving debtors access to a small amount of savings. We welcome these changes and agree that they will promote financial rehabilitation and life-long saving. CAP already encourages all our clients to save and have found this hugely successful, with our research showing 96% of our clients who become debt free stay debt free.
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Email
info@capuk.org
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Jubilee Mill, North Street, Bradford, BD1 4EW
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Charity registered numbers: 1097217 (England and Wales), SC038776 (Scotland).
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CAP is authorised and regulated by the Financial Conduct Authority.
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