
As
you will be aware, the government published its
long-awaited consultation paper on enforcement law
reform and enforcement agent regulation on Friday
17
th February 2012.
At Shergroup we are delighted that the government
has finally published its consultation paper, and
we commit our full and wholehearted support to any
proposals for reform that will fundamentally improve
the situation for both creditors and debtors alike.
A number of fundamental changes outlined in the
consultation paper may become law, and we intend
to keep you fully informed of our position on a
number of the most important issues covered in the
consultation paper.
We have a long history of lobbying government on
a number of issues – in particular, we have
long believed that the artificial distinction between
judgment debts of £600 and below and those
over £600, and between those judgment debts
regulated by the Consumer Credit Act and those that
are not, should be abolished. The future abolition
of this barrier is now a distinct possibility as
a result of the current exercise.
With a potentially larger market of business in
which to operate, we can see how fee changes can
be made, and having worked with government to develop
a model fee...