pursue the debt or to make the debtor bankrupt. This is similar to Individual Voluntary Agreements in England and Wales; although there are important differences in the way they are set up and administered. DAS is administered by AiB. Debt payment programmes approved under DAS allow individuals to repay their debts in full over an extended period of time whilst providing protection from enforcement by their creditors and safeguarding their home as long as mortgage payments are maintained. The legislation relating to DAS is contained in the Debt Arrangement and Attachment (Scotland) Act 2002 and subsequent regulations. AiB is also responsible for receiving, extracting and recording information from certain forms relating to company liquidations and receiverships. The legislation appropriate to liquidations and receiverships is contained in the Insolvency Act 1986 and the Insolvency (Scotland) Rules 1986. Further information on DAS, including a register of debt payment programmes, is available at Further information regarding insolvency in Scotland, including legislation, can be found on the AiB's website at 9.2 Statistics background Official statistics are produced by professionally independent statistical staff. Further information on the standards of official statistics in Scotland can be accessed at 9.2.1 Data sources The statistics for individual insolvencies (Bankruptcies and PTDs) and DAS are derived from administrative data of records processed within AiB and stored on the systems BASYS, ASTRA and DASH respectively. The exception to this is creditor and trustee petition bankruptcies which are sourced from the courts that grant them and subsequently stored on the BASYS system. Corporate insolvencies are derived from administrative records provided by the courts, administrators and receivers. Methodology Figures are produced from tabulation of raw data from relevant administrative systems for the number of Bankruptcies, PTDs, DAS DPPs and corporate insolvencies. The numbers of personal insolvencies reported are based on the date the court order or agreement of the insolvency procedure. The implication of this for creditor petitions is that the published figures will be influenced by, for example, the late reporting of court orders which may lead to underestimating the number of creditor petitions awarded. Data reported for the latest quarter contains creditor petition awards registered as at 31 December 2016. Creditor petitions statistics are subsequently adjusted after the final quarterly release of the financial year and the revised figures are reflected in the first quarterly report of the next financial year.
pursue the debt or to make the debtor bankrupt. This is similar to Individual Voluntary Agreements in England and Wales; although there are important differences in the way they are set up and administered. DAS is administered by AiB. Debt payment programmes approved under DAS allow individuals to repay their debts in full over an extended period of time whilst providing protection from enforcement by their creditors and safeguarding their home as long as mortgage payments are maintained. The legislation relating to DAS is contained in the Debt Arrangement and Attachment (Scotland) Act 2002 and subsequent regulations. AiB is also responsible for receiving, extracting and recording information from certain forms relating to company liquidations and receiverships. The legislation appropriate to liquidations and receiverships is contained in the Insolvency Act 1986 and the Insolvency (Scotland) Rules 1986. Further information on DAS, including a register of debt payment programmes, is available at Further information regarding insolvency in Scotland, including legislation, can be found on the AiB's website at 9.2 Statistics background Official statistics are produced by professionally independent statistical staff. Further information on the standards of official statistics in Scotland can be accessed at 9.2.1 Data sources The statistics for individual insolvencies (Bankruptcies and PTDs) and DAS are derived from administrative data of records processed within AiB and stored on the systems BASYS, ASTRA and DASH respectively. The exception to this is creditor and trustee petition bankruptcies which are sourced from the courts that grant them and subsequently stored on the BASYS system. Corporate insolvencies are derived from administrative records provided by the courts, administrators and receivers. Methodology Figures are produced from tabulation of raw data from relevant administrative systems for the number of Bankruptcies, PTDs, DAS DPPs and corporate insolvencies. The numbers of personal insolvencies reported are based on the date the court order or agreement of the insolvency procedure. The implication of this for creditor petitions is that the published figures will be influenced by, for example, the late reporting of court orders which may lead to underestimating the number of creditor petitions awarded. Data reported for the latest quarter contains creditor petition awards registered as at 31 December 2016. Creditor petitions statistics are subsequently adjusted after the final quarterly release of the financial year and the revised figures are reflected in the first quarterly report of the next financial year.
aib_-_policy_development_-_quarterly_insolvency_statistics_publication_-_quarter_3_2016-17_-_quarterly_report_2.docx