In an attempt to treat vulnerable debtors appropriately without being unfair to taxpayers, the Government created the Fairness Group in 2016.
The Fairness Group then created a sub-group called the Vulnerability Sub Group, which was intended to look at how vulnerable debtors were identified and supported.
The Vulnerability Sub-Group in turn created The Vulnerability Toolkit which is intended to bring together all the industry standard tools used to support vulnerable debtors.
For more information and to read the article, please see
Debt Management Vulnerability Toolkit – GOV.UK (www.gov.uk)
For more information on bankruptcy, liquidation, administration and all the other insolvency procedures, or should you or your company be facing financial difficulties and you need to chat, please telephone Stella Flemmings on 01377 257788 and she will make you an appointment with one of our insolvency professionals at our Driffield, Hull, Grimsby, Scunthorpe or York offices. Our initial meetings are free and without obligation. Meetings can be held virtually or in any of our offices whilst observing the socially distancing guidelines.
Because we are an independent insolvency practice, we keep our overheads low and have put systems in place to deal with simple liquidations at an affordable price of from £1,995 + VAT + Disbursements. Our MVLs are from £995 + VAT + Disbursements.