Understanding Personal Debt - Causes, Effects & Statutory & Non-Statutory Solutions

Pricing Cost for BPP PD Members: £397.00 + VAT : 6 CPD Hours (£519.00 + VAT for non BPP PD Members - Click here for details of our membership scheme.) Skip to Course Dates and Booking

Course level

Introductory/Intermediate

Delegates

This course will appeal to bankers, money lenders, credit providers and the debt advice industry. It will be particularly useful for anybody dealing with people with debt, and people with the potential of finding themselves in need of bankruptcy procedures in the future.

Overview

The aim of this course is to inform the attendees of the options available to someone who is struggling with debt problems, and give an understanding of the risks and warning signs of spotting those with debt problems. It will also give information on the pro's and cons of the options available.

Learning outcomes include obtaining a greater understanding of:

• The statistical background to personal debt
• The size and extent of the debt problem
• Causes of over-indebtedness
• Who are the over-indebted? Gender, age and regional variations
• Types of debt - the legal and regulatory background
• Secured debt - mortgages and charges
• Quasi-security - hire purchase and chattel leases
• Unsecured consumer debt - credit cards, store cards and consumer loans
• The economic environment
• The credit crunch
• The housing market
• The re-emergence of inflation - food, energy and transport costs
• Self-help strategies and techniques for managing debt problems
• Maximising income
• Savings strategies
• Minimising outgoings and preparing a budget
• Prioritising debts
• Forward planning
• Sources of advice and help for the over-indebted
• Free-to-client debt advice accessed through telephone, internet or face-to-face
• Community initiatives
• Solicitors, accountants and insolvency specialists
• Non-statutory to debt problems
• Debt consolidation
• Re-mortgaging
• Debt management plans
• Statutory solutions to debt problems
• County Court Administration Orders
• Individual Voluntary Arrangements
• Bankruptcy
• Debt Relief Orders
• The legal consequences of over-indebtedness
• Enforcement of County and High Court judgments generally
• Levying execution
• Charging orders