AiB Stakeholder Event Personal Insolvency Reforms Principles Moneydebt advice at the centre Those debtors who can pay should pay their debts Removing the stigma and breaking the cycle ID: 816745
Download The PPT/PDF document "Has BADA(S) been a success?" is the property of its rightful owner. Permission is granted to download and print the materials on this web site for personal, non-commercial use only, and to display it on your personal computer provided you do not modify the materials and that you retain all copyright notices contained in the materials. By downloading content from our website, you accept the terms of this agreement.
Slide1
Has BADA(S) been a success?
AiB Stakeholder Event
Slide2Personal Insolvency Reforms - Principles
Money/debt advice at the centre
Those debtors who
can
pay
should
pay their debts
Removing the stigma, and breaking the cycle
Acknowledges the wide range of circumstances and events
Secures the best return for creditors
Slide3BADA(S) Act – Key Changes
Slide4Slide5Slide6Have these changes worked?
Moratorium
Mandatory money advice
Minimal Asset Process
Transfer of/new functions
Decision reviews
BRO changes
Recall
Financial education
Discharge
DCO
Slide7Wider context
Statistics and trends
Prevailing circumstances
Creditor forbearance
Informal solutions
Wider economy
Access – too easy / hard?
Legislative
change
- extent of impact
Slide8What’s next?
Finalise DAS and PTD Reviews
Formal Policy Review
on BADA(S)
-
Consultation
Standard
Financial
Statement
Diligence Review
We want to hear your
views
!
Slide9Final comments/views
Any other comments/views?
Slide10Alex Reid, Head of Policy Development
0300 200 2919, alex.reid@aib.gsi.gov.uk
1 Pennyburn Road, Kilwinning, Ayrshire, KA13 6SA
T
0300 200 2600
F
0300 200 2601
W
www.aib.gov.uk
Thank you