Alan McIntosh
Scottish consumers are not getting a fair deal. Their homes are being placed at risk because they are being denied solutions that are enshrined in legislation, writes Alan McIntosh.
In 2010, when the black clouds of the credit crunch still overhung Scotlands homeowners, the Scottish government formed the Debt Action Forum which had the task of exploring how the property of home owners could be better protected.
In relation to personal insolvency, the forum considered a number of options, including removing the home as an asset from bankruptcy or protecting a minimum amount of equity. Both, at the time, were dismissed as being too radical without first there being a full public consultation, which never materia…
Read the full article at: http://www.scottishlegal.com/2017/01/20/blog-consumers-in-the-dark-about-home-free-protected-trust-deeds/