Planned insolvency bill meets cautious approval

Four years into the economic crisis, the Government has confronted the reality of the debt problem which is crippling so many, the head of campaigning group Free Legal Advice Centres has said.

Flac chief Noeline Blackwell welcomed the draft of a proposed Personal Insolvency Bill, saying there was at last a recognition that people had been given far too much money in the boom times. Now there was light at the end of the tunnel for people drowning in debt.

“It has been left very late, but we are finally recognising that allowances have to be made for people, we are confronting reality.”