Business, Enterprise and Regulatory Reform
Anne Begg (Aberdeen South, Labour)
To ask the Secretary of State for Business, Enterprise and Regulatory Reform what responsibilities the Official Receiver has to make clear to individuals the different options open to them in bankruptcy; and if he will make a statement.
Pat McFadden (Minister of State (Employment Relations and Postal Affairs), Department for Business, Enterprise & Regulatory Reform; Wolverhampton South East, Labour)
While there is no statutory duty on the Official Receiver to provide details of the different options available to bankrupts, all are given or sent the Insolvency Service "Guide to Bankruptcy", which includes information on alternatives to bankruptcy. In addition, leaflets informing bankrupts of their options are available in paper form and on the Insolvency Service website:
The "Guide to Bankruptcy" covers the possibility of a fast track voluntary arrangement. A leaflet on FTVAs is also available in paper form or from the Insolvency Service website.