CCR Magazine

You are here  :Home arrow News arrow AiB report shows creditors paid over £80 million
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines


Commercial Credit News


AiB report shows creditors paid over £80 million PDF Print E-mail
Monday, 19 September 2016
Over £80 million has been repaid to creditors in the past year, according to the Annual Report and Accounts published by Accountant in Bankruptcy (AiB) today, Thursday 15 September 2016. 

The Scottish Government Agency also recovered all of its costs through fees and income during the year, ensuring its work had no impact on the public purse during 2015-16.

Despite significant changes in legislation and the introduction of new routes into bankruptcy, as well as a new web-based application system, which resulted in a drop in numbers of insolvencies in the early part of the 2015-16 year, AiB was still responsible for returning significant sums to creditors.

£37.8 million was repaid through the Debt Arrangement Scheme, of which at least 90% is returned to creditors, the highest total in a single year since the scheme’s introduction in 2004. A record 1,297 debt payment programmes under the Debt Arrangement Scheme were completed, 44.9 per cent up on the previous year.

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online


CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road

Registered in England No: 05483197