Jenny Marra MSP :  No comfort in latest bankruptcy figures for Scotland

24 July 2013

Responding to today's report by Accountant in Bankruptcy (AiB) of the Scottish insolvencies figures for the first quarter 2013/14 (which show that personal insolvencies in Scotland are up by 14.7% on the previous quarter and 28.6% down on the previous year) Scottish Labour’s Shadow Deputy Finance Minister Jenny Marra said:

 "A fall in bankruptcy should be a good thing, but after the SNP doubled the fees from £100 to £200 last year for people with low income and low assets to declare themselves bankrupt, we can take no comfort in this decline.

“People are still in financial dire straits, but the SNP made it more difficult for people who are desperately struggling to find a way out.

“John Swinney said he wanted full cost recovery of the bankruptcy process but at what cost to some of the poorest people in our communities?  

“Money experts say that there should be no charge for bankruptcy for people with low income and low assets.

“The SNP should reconsider their policy for bankruptcy fees on the back of today’s news.”





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