MSPs seeking opinions on new debt law

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PEOPLE with experience of debt and bankruptcy are being asked for their opinions on plans to reform legislation.

The Scottish Government’s economy, energy and tourism committee will today seek views on proposals to improve debt advice, relief and management.

The Bankruptcy and Debt Advice (Scotland) Bill, which was introduced to the Scottish Parliament on 11 June, also sets out how to secure the best return for creditors and make sure that the people who are in debt and can pay, should pay.

Aspects the committee would like opinions on include the provision of compulsory advice from an approved money adviser for anyone accessing a statutory debt relief or debt management product.

Murdo Fraser MSP, the committee’s convener, said: “We are aware of the financial hardship and pressure faced by many people. The committee is interested in hearing from individuals that have been affected.”