FOI/202100226846 · FOI · unclear
Trust Deed, Sequestration and Debt Arrangement Scheme: FOI release
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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