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Bankruptcy for £100 to help poorest

You may need to cut & paste this rather then just clicking on it

http://www.theherald.co.uk/news/news/di ... oorest.php


The Scottish Government said it would allow so-called "Ninas" - people with no income and no assets - to declare themselves bankrupt for a fee of just £100.

The new "cheapie" bankruptcy will be available only to people who earn less than £220 a week, the equivalent of 40 hours on the minimum wage, and have less than £1000 in assets.

Remember folks - different rules in Scotland, different legal system, different type of government .

I really need a tartan avatar
Slainte
[:D]

Will an automatic discharge hurt.

FREEDOMMMMMM[:D]

Aucto Splendore Resurgo.
(8 down, 52 to go)

We've already got the same legislation, but it cannot yet be implemented. If you read your posting again, you will see that Scotland are not in a position to offer this yet, and we have now been in this situation down South for over 6 months!

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[8D]

Im glad that England will get it too -- fed up with being told that Scotland gets everything and England doesn't .

Betcha wee Eck (the Alex Salmond ) gets it pushed into law before the UK parliament [}:)]

Mish


Will an automatic discharge hurt.

It will be interesting to see what happens to door step lending companies when this is finally introduced, seeing as a large marority of their clients tend to be in the catagory indicated as the qualification rules. Call me cynical but why has there been a delay

Dave Beech