AIB Revoke Bankruptcy Fee Regulations
Paul Wheelhouse, the Scottish Government Minister for Business, Innovation and Energy, has written to the Economy, Jobs and Fair Work Committee to state he will revoke the Bankruptcy Fees (Scotland) Regulations 2017.
Govan Law Centre and the Institute of Chartered Accountants of Scotland (ICAS) had opposed the fee increases, which increased the AIB fees for selling a debtor’s home by 188% in some cases.
The Minister has confirmed he will consult with stakeholders as called for by Govan Law Centre and ICAS. The Minister’s letter can be read here.