The Insolvency Service issued a Call For Evidence (CfE) in July 2022, asking a wide range of questions about personal insolvency in England and Wales:
The purpose of this document is to seek evidence that will help inform the Government on whether the current personal insolvency framework is still fit for purpose and, if not, what reforms are needed.
The CfE started by saying:
What should be the fundamental purpose of the personal insolvency framework? Does the current framework meet that purpose?
I agree with the CfE when it said:
The personal insolvency framework is intended to provide a robust regime which gives a fresh start to debtors and prevents future insolvency. It seeks to strike a balance between the interests of debtors and …
Read the full article at: https://debtcamel.co.uk/personal-insolvency-change-needed/