Alan McIntosh
Homeowners and creditors in Scottish bankruptcies, from the 3rd of April 2017, will pay substantially more when a home is sold by the Accountant in Bankruptcy (AIB) in a sequestration, writes Alan McIntosh.
The massive fee hikes, being proposed by the Bankruptcy Fees (Scotland) Regulations 2017, will see the AIB increase their fees when selling a debtors home by as much as 188 per cent.
What this means is where a debtors home is sold, more of the money realised from the sale will now go to the AIB, a government quango, and less will go to creditors or be returned to the debtor after creditors have been paid.
What makes these increases the more shocking, is they come two years after the Scottish government c…
Read the full article at: http://www.scottishlegal.com/2017/03/06/blog-aib-grabs-money-from-family-homes/
