Written Question · S2W-25890 · Session 2
Whether it is considering amending the Debt Arrangement Scheme to allow (a) the interest on debts to be frozen and (b) composition of debt …
The question
To ask the Scottish Executive whether it is considering amending the Debt Arrangement Scheme to allow (a) the interest on debts to be frozen and (b) composition of debt and, if so, when these measures will be implemented.
The answer
The Executive undertook to reviewthe Debt Arrangement Scheme one year after implementation. The information gatheringphase of the review was completed at the end of January 2006, and we are consideringvarious amendments to the scheme.
One possible amendment is theintroduction of debt relief. Different ways of delivering debt relief are thereforeunder consideration, and they include both freezing of interest and compositionof debts.
The issue of implementation doesnot arise as a decision has yet to be made on including any form of debt reliefin the scheme.
One possible amendment is theintroduction of debt relief. Different ways of delivering debt relief are thereforeunder consideration, and they include both freezing of interest and compositionof debts.
The issue of implementation doesnot arise as a decision has yet to be made on including any form of debt reliefin the scheme.
In the Official Report
No contribution in the Official Report cites S2W-25890 by reference.