Insolvency Items in the News: The Insolvency Service and Old People; Rangers' Insolvency and dodgy Scottish debt advice
A number of media outlets have focused on the Insolvency Service's (IS) advice to old people on the dangers of being scammed by rouge firms offering dodgy financial advice. I am not talking about the banks offering advice on PPI here, but financial advice for older people on investments. The Guardian has covered the story, as has the BBC. The tabloaids have also got in on the act with the Mirror and the Express and Star also picking up on the story. This monioring watchdog work by the IS is encouraging and shows that their under-resourced enforcement arm is working well.
Elsewhere, the Rangers Football Club insolvency has been hitting the international headlines. Does the CVA refusal indicate that we are back to pre-2000 HMRC approaches to CVA use? Let us hope not. Also north of the border, but on the personal side of the subject, we have allegations of DMC miselling of debt management plans. This is bad news for Scottish debtors.
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