Govan Law Centre details its findings of failings in Scotlands personal insolvency market.
Many consumers in Scotland enter into personal insolvency solutions believing that they will resolve their financial difficulties and secure much needed light at the end of a dark tunnel of unmanageable debt.
The aim is to take back control, repay debts as best as possible, and provide financial rehabilitation and a fresh start for those who have generally been through life crises. In many cases insolvency solutions work reasonably well, but there are far too many cases where things go horribly wrong. In our experience, both consumers and creditors lose out.
Govan Law Centre (GLC) was concerned with the high incidence of poor outcomes f…
Read the full article at: http://www.scottishlegal.com/2016/12/05/govan-law-centre-report-raises-concerns-about-personal-insolvency-solutions/