Feedback is being sought on proposals to bring forward legislation aimed at improving how debts are recorded and made accessible in the Island, and for improving the effectiveness of debt recovery by Coroners.
The Isle of Man Government has today (Monday 19 October) launched a public consultation on the proposed introduction of the Administration of Justice and other Amendments Bill 2020.
The consultation is part of a wide-reaching review of civil debt recovery in the Island, aimed at modernising civil debt recovery and insolvency and ensuring that arrangements are fair, effective and fit for purpose.
Following the structure of the Bill, it is split into four parts plus a final section which seeks feedback on the proposed regulations around a new Judgments Register.
Treasury Member Bill Shimmins MHK said:
‘Modernising the way debts are collected and recorded through legislation is designed to provide greater transparency and protection for our community.
‘Officers have worked hard to create the draft Bill but it is now essential that input is provided by stakeholders to ensure all affected parties are correctly represented.
‘The views of landlords, in particular, are sought as consideration and comment is sought on proposals which would lead to process changes relating to rental debt.’
The consultation document is available to view on the Government website and may also be downloaded electronically from the Consultation hub.
Alternatively, written comments can be emailed to treasuryconsultations@gov.im or by post to Policy & Legislation Office, The Treasury, 1st Floor, Government Office, Bucks Road, Douglas.
The process will run for six weeks and conclude on 30 November 2020.
