Insolvency trustees need to be vetted, says legal advice body

Accountants, solicitors or even mortgage brokers could be the people responsible for negotiating debt settlement plans under new laws proposed this week.

Paul Joyce, senior policy advisor with the Free Legal Advice Centres organisation (Flac), said that personal insolvency trustees would need to be strictly vetted and held to the highest standards as they would hold people’s futures in their hands.

The work will have to be paid for, but it is not clear who will pay for it.