The Statement of Government Priorities 2014-2016 provided for a review of the personal insolvency legislation, to ensure that it can work effectively to support those who are struggling with unsustainable debt, including mortgage arrears.
The Government is considering a range of proposals to address these issues, and I am currently engaging with Ministerial colleagues regarding possible changes to the personal insolvency legislation.
I can confirm that announcements on these matters will be made shortly.