AiB publishes report outlining recommendations to modernise Scotland’s statutory debt solutions
The Accountant in Bankruptcy (AiB) has announced that an independent review of Scotland’s statutory debt solutions has published its final report, setting out 52 recommendations to ensure the system remains effective, accessible and aligned with a modern economy. The publication concludes the latest phase of a wide-ranging, long-term review to determine whether the current system continues to meet Scotland’s needs. The Scottish Government plans to consider the proposals, and a formal response is scheduled to be released after the Parliamentary election. Key recommendations include ensuring a progressive and fair regime; improving system join-up; strengthening access, capacity and expertise; and better supporting self-employed people and small businesses.