FOI/202100140901 · FOI · unclear
Data on Trust Deeds, Sequestration & Debt Arrangement Schemes: 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 years: (i) 1st January 2019 to 31 December 2019 (ii) 1st January 2020 to 31st December 2020. 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 £8,000 since January 2020. 5. The number of Trust Deeds, Sequestration and DAS cases signed between 1st January 2019 and 31st December 2020 with a payment lower than £149 per month.
Response
1. The median approximate monthly payment for each of the statutory debt solutions are included in Table 1 (below), Information is based on the protected date for a Protected Trust Deed (PTD), the awarded date for bankruptcies, and the approved date for Debt Payment Programmes (DPPs) under the Debt Arrangement Scheme (DAS). Data is included for the calendar years 2019 and 2020.
Table 1: Median approximately monthly payment by statutory debt solution and year of protected/approved date: Scotland, annual data (calendar year), since 2019 (1,2)
Statutory debt solution 2019 (£) 2020 (£) Bankruptcy: Full Administration (3) 130 130 Bankruptcy: Creditor Petition (3) 230 190 Protected trust deed 140 140 Debt Arrangement Scheme 220 200
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 2020. 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.
2) Figures rounded to nearest £10.
3) Figures 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.
2. (i) 1st January 2019 to 31 December 2019
(ii) 1st January 2020 to 31st December 2020.
The total number of Trust Deeds protected, bankruptcies awarded and DPPs under the DAS approved by Trustee/Money adviser organisation for the calendar years 2019 and 2020 are included in Tables 2.1, 2.2 and 2.3 (below). Information is based on the protected date for a PTD, the awarded date for bankruptcies, and the approved date for DPPs under the DAS.
It should be noted that Minimal Asset Process (MAP) bankruptcies have been excluded from this table as The Accountant in Bankruptcy must act as the trustee in all MAP cases. There were 2,123 and 1,585 MAP bankruptcies in 2019 and 2020 respectively.
Table 2.1: Bankruptcies awarded (excluding MAP) by trustee organisations : Scotland, annual data (calendar year), since 2019 (1,2,3,4)
Trustee Organisation Bankruptcies awarded 2019 Accountant in Bankruptcy 1,952 KPMG 109 Azets 80 Wylie & Bisset 69 Begbies Traynor 60 Grant Thornton UK 52 AMI Financial Solutions 51 Condies Business Recovery 40 BDO 34 Johnston Carmichael 34 Thomson Cooper 29 Other 214 Total bankruptcies awarded (exc. MAP) 2,724 2020 Accountant in Bankruptcy 898 Begbies Traynor 67 Azets 33 Wylie & Bisset 33 KPMG 32 Wilson Andrews 32 Condies Business Recovery and Insolvency 30 Other 184 Total bankruptcies awarded (exc. MAP) 1,309
1) Displaying organisations with 25 or more bankruptcy cases. 2) Bankruptcy awarded based on the calendar year of awarded date. 3) Figures presented here may not be consistent with the official, headline statistics publication. These tables on based on data extracted from live databases at a different point in time. The headline statistics are the definitive source on the number of awards of bankruptcy. 4) The Accountant in Bankruptcy must act as trustee in all Minimal Asset Process (MAP) cases. There were 2,123 and 1,585 MAPs awarded in 2019 and 2020 respectively.
Table 2.2: Trust deeds protected by organisation: Scotland, annual data (calendar year), since 2019 (1, 2, 3) Trustee Organisation Trust deeds protected 2019 Carrington Dean 3,327 Harper McDermott 1,758 Campbell Wallace Fraser 1,157 Wilson Andrews 673 KPMG 671 Campbell Dallas 228 Wylie & Bisset 208 Hanover Insolvency 187 Begbies Traynor 129 William Duncan 109 Payplan Scotland 85 J3 Debt Solutions 83 AGT Insolvency 35 KLM Chartered Accountants-Insolvency Practitioners 25 Other 90 Total trust deeds protected 8,765 2020 Carrington Dean 2,025 Harper McDermott 1,565 Wilson Andrews 701 Campbell Wallace Fraser 646 KPMG 344 AGT Insolvency 214 J3 Debt Solutions 153 Wylie & Bisset 144 Campbell Dallas / Azets 114 Hanover Insolvency 81 Payplan Scotland 73 Begbies Traynor 46 Bingham Associates 26 Other 44 Total trust deeds protected 6,176
1) Displaying organisations with 25 or more trust deeds protected. 2) Trust deeds protected based on the calendar year of protected date. 3) Figures presented here may not be consistent with the official, headline statistics publication. These tables on based on data extracted from live databases at a different point in time. The headline statistics are the definitive source on the number of protected trust deeds.
Table 2.3: Number of Debt Payment Programmes (DPPs) under the Debt Arrangement Scheme (DAS) approved by money adviser organisations: Scotland, annual data (calendar year), since 2019 (1,2,)
Money adviser organisations DPPs under the DAS approved 2019 StepChange Debt Charity Scotland 1,080 Carrington Dean Group 606 KPMG 173 Harper McDermott 144 Gregory Pennington (Wilson Andrews) 116 Citizens Advice & Rights Fife 74 North Lanarkshire Council 68 Campbell Dallas 66 South Lanarkshire Council - Money Matters Advice Service 61 Murray Stewart Fraser 59 The Moray Council 53 Begbies Traynor Central 35 Hamilton CAB 31 Perth CAB 28 Other 313 Total DPPs under the DAS approved 2,907 2020 Carrington Dean 1,500 StepChange Debt Charity Scotland 568 Harper McDermott 446 J3 Debt Solutions 166 Gregory Pennington (Wilson Andrews) 147 KPMG 127 Begbies Traynor Central 58 Azets Debt Solutions 45 Citizens Advice & Rights Fife 41 Wylie & Bisset 33 The Moray Council 30 South Lanarkshire Council - Money Matters Advice Service 28 Other 265 Total DPPs under the DAS approved 3,454
1) Displaying money adviser organisations with 25 or more DAS cases approved. 2) DAS approved based on the calendar year of approved date. 3) Figures presented here may not be consistent with the official, headline statistics publication. These tables on based on data extracted from live databases at a different point in time. The headline statistics are the definitive source on the number of Debt Payment Programmes under the Debt Arrangement Scheme.
3. The median debt level for each of the statutory debt solutions are included in Table 3 (below), Information is based on the protected date for a PTD, the awarded date for bankruptcies, and the approved date for DPPs under the DAS. Data is included for the calendar years 2019 and 2020 and figures are rounded to the nearest £100.
Table 3: Median debt level by statutory debt solution and year of awarded/protected/approved date: Scotland, annual data (calendar year), since 2019 (1,2) Statutory debt solution 2019 (£) 2020 (£) Bankruptcy (MAP and FA) 14,100 14,800 Minimal Asset Process (MAP) 9,600 10,800 Full Administration (FA) 25,000 28,500 Protected trust deed 15,400 16,400 Debt Arrangement Scheme 16,100 15,000
1) 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 in approved calendar years. 2) Figures rounded to nearest £100.
4. The number of cases for each statutory debt solution with debt levels between £5,000 and £8,000 are included in Table 4 (below). Information is based on the protected date for a PTD, the awarded date for bankruptcies, and the approved date for DPPs under the DAS.
Table 4: Number of cases with debt level between £5,000 and £8,000 by statutory debt solutions: Scotland, annual data (calendar year), 2020 only (1) Statutory debt solution Statutory debt solution Bankruptcy (MAP and FA) Bankruptcy (MAP and FA) Minimal Asset Process (MAP) 322 Full Administration (FA) 12 Protected trust deed 602 Debt Arrangement Scheme 497
1) 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.
5. The number of cases for each statutory debt solution with approximate payment of lower than £149 for the calendar years 2019 and 2020 are included in Table 5 (below). Information is based on the protected date for a PTD, the awarded date for bankruptcies, and the approved date for DPPs under the DAS. Note that the 2020 figure for PTD is based on the completed Form 4 once each year until a PTD is concluded. The figure is lower than the 2019 figure because not all trust deeds protected in 2020 have completed the first year as yet. Therefore, caution is needed when interpreting this figure.
Table 5: Number of cases with approximately payment lower than £149: Scotland, annual data (calendar year), since 2019 (1) Statutory debt solution 2019 Bankruptcy: Full Administration (3) 1,524 Bankruptcy: Creditor Petition (3) 515 Protected trust deed (2) 5,287 Debt Arrangement Scheme 818
1. Bankruptcy information is based on relevant Debtor Contribution Order. Protected trust deed information is based on latest (actual payment) Form 4 as at December 2020. 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. 2. Note that the figures are based on the completed Form 4. So, the 2020 figure is low as expected because not all trust deeds protected in 2020 have completed the first year. 3. 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.
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