Publication - FOI/EIR release

Trust Deed, Sequestration and Debt Arrangement Scheme: FOI release

Published: 26 Aug 2021

Information request and response under the Freedom of Information (Scotland) Act 2002

Published:
26 Aug 2021
Trust Deed, Sequestration and Debt Arrangement Scheme: FOI release
FOI reference: FOI/202100226846
Date received: 22 Jul 2021
Date responded: 9 Sep 2021
Information requested

1.The average payment per month in a Trust Deed, Sequestration & Debt Arrangement Scheme made by a debtor.

2. Total number of Trust Deeds, Sequestration and Debt Arrangement Scheme per Trustee/Company signed for the period: 1st January 2021 to 30th June 2021.

3. Average debt level per Trust Deed, Sequestration and Debt Arrangement Scheme.

4.How many Trust Deeds & Sequestrations & DAS have been granted / awarded with a debt level between £5,000 and £9,000 since January 2021.

5. The number of Trust Deeds, Sequestration and DAS cases signed between 1st January 2021 and 30th June 2021 with a payment lower than £149 per month.

Response

I attach a copy of all the information you requested, detailed below and attached in the Excel spreadsheet.

Please note that figures covering the period between 01 April 2021 and 30 June 2021 remain provisional until final validation in July 2022.

Note number

 

Table number

 

Note text

 

Note 1

 

Table 1

 

Bankruptcy information is based on relevant Debtor Contribution Order. The figure for creditor petition is omitted due to insufficient number of petitions

Protected Trust Deed information is based on latest (actual payment) Form 4 as at July 2021. Note only the total number of contribution ingathered and total realisation from contributions are available. It is not within AiB's remit to collect further information, including the frequency of contribution ingathered. Therefore, while care has been taken to ensure the PTD figure presented here is accurate as much as possible, caution is needed when interpreting this figure. Debt Arrangement Scheme information is based on eDEN administrative system for approved cases.

Note 2

 

Table 1

 

Figures on median approximate monthly payment are rounded to the nearest £10

Note 3

 

Table 1

 

Figures on median approximate monthly payment are based on the original Debtor Contribution Orders, where contribution is set at more than £0. If zero contributions are included, then the median payment is £0.

Variations are excluded from this table.

Note 4

 

Table 2.1

 

Table 2.1 displays organisations with at least 25 bankruptcies awarded in between 01 January 2021 and 30 June 2021.

Note 5

 

Table 2.1

 

Table 2.2 displays organisations with at least 25 trust deeds protected in between 01 January 2021 and 30 June 2021.

Note 6

 

Table 2.2

 

Table 2.3 displays organisations with at least 25 DAS cases approved in between 01 January 2021 and 30 June 2021.

Note 7

 

Table 2.3

 

Bankruptcy information based on debtor application form for bankruptcy awarded in calendar years. AiB does not have readily available information on debt levels in creditor petitions.

Note 8

 

Table_3 and Table_4

 

Bankruptcy information based on debtor application form for bankruptcy awarded in calendar years. AiB does not have readily available information on debt levels in creditor petitions.

PTD information is based on Form 3 for PTDs protected in calendar years.

Debt Arrangement Scheme information is based on eDEN administrative system for cases approved in calendar years.

Note 9

 

Table 3

 

In Table 3, figures are rounded to the nearest £100.

Note 10

 

Table 5

 

Bankruptcy information is based on relevant Debtor Contribution Order.

Protected Trust Deed information is based on latest (actual payment) Form 4 as at July 2021. Note only the total number of contribution ingathered and total realisation from contributions are available. It is not within AiB's remit to collect further information, including the frequency of contribution ingathered. Therefore, while care has been taken to ensure the PTD figure presented here is accurate as much as possible, caution is needed when interpreting this figure.

Debt Arrangement Scheme information is based on eDEN administrative system for approved cases.

Note 11

 

Table 5

 

Note that the figures are based on the completed Form 4. So, the 2021 figure is not able to be presented here because not all trust deeds protected in 2021 have completed the first year.

Note 12

 

Table 5

 

Figures are based on the original Debtor Contribution Orders, where contribution is set at least £0. This is different from Table 1 within this Excel file. Variations are excluded from this table.

1. The average (median) approximately monthly payment by statutory debt solution and awarded/protected/approved date between 01 January 2021 to 30 June 2021 is shown in the following table.

Table 1: Median approximately monthly payment by statutory debt solution awarded/protected/approved date between 01 January 2021 to 30 June 2021 [note 1][note 2][note 3]
The title refers to notes which can be found on the notes worksheet.
Source: Administrative data, Accountant in Bankruptcy
 

Statutory debt solution

 

Amount

Bankruptcy: Full Administration [note 3]

130

Bankruptcy: Creditor Petition [note 3]

[not applicable]

Protected Trust Deed

[not applicable]

Debt Arrangement Scheme

170

2.  The number of bankruptcies awarded, trust deeds protected and DAS debt payment programmes approved between 01 January 2021 and 30 June 2021 by trustee organisation are shown in Tables 2.1, 2.2 and 2.3 below.

Table 2.1: Number of bankruptcies awarded in between 01 January 2021 and 30 June 2021 by trustee organisation [note 4][note 5]
The title refers to notes which can be found on the notes worksheet.
Source: Administrative data, Accountant in Bankruptcy

Trustee organisation

Number of bankruptcies awarded

Total bankruptcies awarded (excl. MAP)

 

364

of which organisation: Accountant in Bankruptcy

251

of which organisation: Wylie & Bisset

28

of which organisation: Other

85

Table 2.2: Number of trust deeds protected in between 01 January 2021 and 30 June 2021 by trustee organisation [note 6]
The title refers to notes which can be found on the notes worksheet.
Source: Administrative data, Accountant in Bankruptcy

Trustee organisation

Number of Protected Trust Deeds

 

Total number of Protected Trust Deeds

2412

of which organisation: Carrington Dean

981

of which organisation: Harper McDermott

740

of which organisation: Wilson Andrews

193

of which organisation: Interpath Advisory

134

of which organisation: J3 Debt Solutions

125

of which organisation: Wylie & Bisset

84

of which organisation: AGT Insolvency

51

of which organisation: Other

104

Table 2.3: Number of Debt Payment Programmes (DPPs) under the Debt Arrangement Scheme (DAS) approved in between 01 January 2021 and 30 June 2021 by money adviser organisation [note 7]

The title refers to notes which can be found on the notes worksheet.
Source: Administrative data, Accountant in Bankruptcy

Money adviser organisation

 

Number of approved DPPs

 

Total number of approved DPPs

2,254

of which organisation: Carrington Dean Group

1,208

of which organisation: Harper McDermott

345

of which organisation: Step Change Debt Charity Scotland

255

of which organisation: J3 Debt Solutions

149

of which organisation: Interpath Advisory

56

of which organisation: Begbies Traynor Central

36

of which organisation: Gregory Pennington (Wilson Andrews)

35

of which organisation: Other

170

3.  The average (median) approximately debt level by statutory debt solution awarded/protected/approved between 01 January 2021 and 30 June 2021 is shown in the following table.
Table 3: Median debt level by statutory debt solution awarded/protected/approved in between 01 January 2021 and 30 June 2021 [note 8][note 9]
The title refers to notes which can be found on the notes worksheet.
Source: Administrative data, Accountant in Bankruptcy

Statutory debt solution

Amount

Bankruptcy (MA and FA)

14,900

Of which: Minimal Asset Process (MAP)

12,200

Of which: Full Administration (FA)

30,200

Protected Trust Deed

16,100

Debt Arrangement Scheme

12,300

4.  The number of cases with a debt level between £5,000 and £9,000 by statutory debt solutions awarded/protected/approved between 01 January 2021 and 30 June 2021 are shown in the table below.

Table 4: Number of cases with debt level between £5,000 and £9,000 by statutory debt solution awarded/protected/approved in between 01 January 2021 and 30 June 2021 [note 8]
The title refers to notes which can be found on the notes worksheet.
Source: Administrative data, Accountant in Bankruptcy

Statutory debt solution

Number of Cases

Bankruptcy (MAP & FA)

196

Of which: Minimal Asset Process (MAP)

183

Of which: Full Administration (FA)

13

Protected Trust Deed

388

Debt Arrangement Scheme

548

5. The number of Trust Deeds, Sequestration and DAS cases signed between 1st January 2021 and 30th June 2021 with a payment lower than £149 per month.

The number of bankruptcies awarded, trust deeds protected and DAS DPPs approved between 01 January 2021 and 30 June 2021 with a monthly payment of less than £149 are shown in the following table.
Table 5: Number of cases with approximate payment lower than £149 by debt solution awarded/protected/approved in between 01 January 2021 and 30 June 2021 [note 10]
The title refers to notes which can be found on the notes worksheet.
Source: Administrative data, Accountant in Bankruptcy

Statutory debt solution

Number of Cases

Bankruptcy: Full Administration (note 12)

271

Bankruptcy: Creditor Petitions (note 12)

15

Protected Trust Deed (note 11)

Not applicable

Debt Arrangement Scheme

933


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