The Scottish government contract managed by the Accountant in Bankruptcy (AiB) has just been announced and awarded to two Scottish businesses, Dunedin Advisory Ltd and Wylie & Bisset. In the case of Wylie & Bisset, the contract has been awarded for an unprecedented fourth time in succession.
A Glasgow sheriff has refused three appeals under the Bankruptcy (Scotland) Act 2016 challenging a series of decisions made by the Accountant in Bankruptcy for a man sequestrated in 2018 considering debts said to total over £200,000. It had been determined by the AiB that there was insufficien
A year on year fall of 54% in the number of personal insolvencies in Scotland (bankruptcies and protected deeds) due to the introduction of emergency legislation in April 2020 is to be welcomed but is likely to be short-lived, Blair Milne, a restructuring and insolvency expert with Azets has warned.
Scotland's insolvency service Accountant in Bankruptcy (AiB) has suspended sales and evictions from property in ongoing bankruptcy administrations until further notice in response to the current coronavirus pandemic. New measures and greater flexibility are also being introduced by AiB - Scotla
The number of corporate and personal insolvencies for the whole of 2019 has increased, according to the latest Scottish Insolvency Statistics from Accountant in Bankruptcy. Overall, corporate insolvency numbers in Scotland for the whole of 2019 were 4% higher than in 2018, and were at their highest
Citizens Advice Scotland (CAS) issued a warning yesterday that an increasing number of people may be being sold debt solutions that don’t work for their circumstances. CAS made the claim in response to the latest quarterly figures released yesterday from Accountant in Bankruptcy, which show a
Chartered Accountancy firm Wylie & Bisset has welcomed the Debt Arrangement Scheme reforms, which it says will improve accessibility and streamline bureaucracy. A formal Scottish debt solution allowing individuals struggling with debt to repay it back over a longer period, the Debt Arrangem
Shepherd Chartered Surveyors has been retained by the Accountant in Bankruptcy (AiB) to deliver a range of chartered surveying services for a further two years. The announcement follows a competitive tendering process.
Two of Scotland’s most established insolvency practitioners have been appointed to the Accountant in Bankruptcy advisory board. Bryan Jackson, insolvency consultant at Johnston Carmichael and former PwC restructuring specialist Laurie Manson, have joined the advisory board as non-executive members
Chief Executive Martin Darroch Law firm Harper Macleod has been appointed as principal external legal advisers to Accountant in Bankruptcy (AiB), Scotland’s insolvency service, for the next four years.