202200286383 · FOI · partially withheld
Trust Deed: FOI release
Information requested
You asked for the following information relating to the period 1st March 2021 to 28th February 2022:
The average contribution per month in a Trust Deed, Sequestration & Debt Arrangement Scheme made by a debtor. Total number of Trust Deeds, Sequestration and Debt Arrangement Scheme per Trustee/Company signed. Average debt level per Trust Deed, Sequestration and Debt Arrangement Scheme. How many Trust Deeds & Sequestrations & DAS have been granted/awarded with a debt level between £5,000 and £10,000 since January 2021. Total number of moratoriums applied for, including those that applied for more than 1 in the same 12 month period.
Response
I enclose a copy of all the information you requested, detailed below and attached in the Excel spreadsheet up to 31 December 2021 as figures from 01 January 2022 onwards are not scheduled for release until 27 April 2022. This is a specific exemption under Section 27(1) of FOISA and as a consequence we cannot release information which is scheduled for future publication.
Please note that figures covering the period between 01 April 2021 and 31 December 2021 remain provisional until final validation in July 2022.
It may be useful to note that AiB now publishes the number of debt solutions by organisation every quarter as part of the Official statistics release in the accompanying Excel tables. The latest release can be found here: Scottish Statutory Debt Solutions Statistics: Quarterly edition | Accountant in Bankruptcy (aib.gov.uk)
Notes
Note number Table number Note text note 1 Table_1 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 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 March 2021 and 31 December 2021. note 5 Table_2_1 Minimal Asset Process cases are excluded from Table 2.1 as The Accountant in Bankruptcy must act as trustee in all MAP cases. note 6 Table_2_2 Table 2.2 displays organisations with at least 25 trust deeds protected in between 01 March 2021 and 31 December 2021. note 7 Table_2_3 Table 2.3 displays organisations with at least 25 DAS cases approved in between 01 March 2021 and 31 December 2021. 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.
The average contribution per month in a Trust Deed, Sequestration & Debt Arrangement Scheme made by a debtor.
The average (median) approximately monthly payment by statutory debt solution and awarded/protected/approved date between 01 March 2021 to 31 December 2021 is shown in the following table.
Table 1: Median approximately monthly payment by statutory debt solution awarded/protected/approved date between 01 March 2021 to 31 December 2021 [note 1][note 2][note 3]
Source: Administrative data, Accountant in Bankruptcy
Statutory debt solution Amount (£) Bankruptcy: Full Administration [note 3] 130 Bankruptcy: Creditor Petition [note 3] 190 Protected Trust Deed 150 Debt Arrangement Scheme 160
Total number of Trust Deeds, Sequestration and Debt Arrangement Scheme per Trustee/Company signed.
The number of bankruptcies awarded, trust deeds protected and DAS debt payment programmes approved between 01 March 2021 and 31 December 2021 by trustee/money adviser organisation are shown in Tables 2.1, 2.2 and 2.3 below.
Table 2.1: Number of bankruptcies awarded in between 01 March 2021 and 31 December 2021 by trustee organisation [note 4][note 5]
Source: Administrative data, Accountant in Bankruptcy
Trustee organisation Number of bankruptcies awarded Total bankruptcies awarded (excl. MAP) 645 of which organisation: Accountant in Bankruptcy 464 of which organisation: Begbies Traynor 30 of which organisation: Wylie & Bisset 40 of which organisation: Other 111
Table 2.2: Number of trust deeds protected in between 01 March 2021 and 31 December 2021 by trustee organisation [note 6]
Source: Administrative data, Accountant in Bankruptcy
Trustee organisation Number of Protected Trust Deeds Total number of Protected Trust Deeds 4,571 of which organisation: Carrington Dean 1,779 of which organisation: Harper McDermott 1,388 of which organisation: J3 Debt Solutions 744 of which organisation: Interpath Advisory 198 of which organisation: Wylie & Bisset 147 of which organisation: YEG Insolvency 104 of which organisation: Begbies Traynor 63 of which organisation: Payplan 46 of which organisation: Parker Philips 41 of which organisation: Other 61
Table 2.3: Number of Debt Payment Programmes (DPPs) under the Debt Arrangement Scheme (DAS) approved in between 01 March 2021 and 31 December 2021 by money adviser organisation [note 7]
Source: Administrative data, Accountant in Bankruptcy
Money adviser organisation Number of approved DPPs Total number of approved DPPs 3,881 of which organisation: Carrington Dean Group 2,082 of which organisation: Harper McDermott 537 of which organisation: StepChange Debt Charity Scotland 415 of which organisation: J3 Debt Solutions 241 of which organisation: Gregory Pennington (Wilson Andrews) 102 of which organisation: Interpath Advisory 100 of which organisation: Payplan 77 of which organisation: Begbies Traynor Central 56 of which organisation: The Moray Council - Money Advice 25 of which organisation: Other 246
Average debt level per Trust Deed, Sequestration and Debt Arrangement Scheme.
The average (median) approximately debt level by statutory debt solution awarded/protected/approved between 01 March 2021 and 31 December 2021 is shown in the following table.
Table 3: Median debt level by statutory debt solution awarded/protected/approved in between 01 March 2021 and 31 December 2021 [note 8][note 9]
Source: Administrative data, Accountant in Bankruptcy
Statutory debt solution Amount (£) Bankruptcy (MAP and FA) 14,600 of which: Minimal Asset Process (MAP) 11,800 of which: Full Administration (FA) 30,200 Protected Trust Deed 16,000 Debt Arrangement Scheme 12,000
How many Trust Deeds & Sequestrations & DAS have been granted/awarded with a debt level between £5,000 and £10,000 since January 2021.
The number of cases with a debt level between £5,000 and £10,000 by statutory debt solutions awarded/protected/approved between 01 January 2021 and 31 December 2021 are shown in the table below.
Table 4: Number of cases with debt level between £5,000 and £10,000 by statutory debt solution awarded/protected/approved in between 01 January 2021 and 31 December 2021 [note 8]
Source: Administrative data, Accountant in Bankruptcy
Statutory debt solution Number of cases Bankruptcy (MAP and FA) 505 of which: Minimal Asset Process (MAP) 475 of which: Full Administration (FA) 30 Protected Trust Deed 1,039 Debt Arrangement Scheme 1,249
Total number of moratoriums applied for, including those that applied for more than 1 in the same 12 month period.
The total number of moratorium applications granted between 01 January 2021 and 31 December 2021 was 3,216. Of this total, 119 individuals were granted a subsequent moratorium within in this period.
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Detected exemption language
This is a specific exemption under Section 27(1) of FOISA and as a consequence we cannot release information which is scheduled for future publication.