Hot topics peter madge


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Hot topics peter madge

  1. 1. Welcome<br /> IMA - assuring quality in the money advice profession<br />
  2. 2. HOT TOPICS<br />Keeping up with new developments<br />Peter Madge<br />Specialist Support Officer (Debt Advice)<br />Citizens Advice Specialist Support<br />
  3. 3. What we will cover<br /> Consumer Credit Act<br /> Information requests<br /> Unfair relationships – PPI–<br />Charging Orders<br /> Interest after judgment<br />
  4. 4. What we will cover<br /><ul><li>Debt Relief Orders</li></ul> Potential challenges<br /><ul><li>Case law update</li></ul> Arian special edition<br /><ul><li>Lucky dip</li></ul> Your choice of topic<br />
  5. 5. HOT TOPICS<br />Information Requests<br /><ul><li>Fall-out from Carey v HSBC continues
  6. 6. Kneale v Barclays Bank</li></ul> Using CPR to obtain copy agreement<br />
  7. 7. HOT TOPICS<br /><ul><li>Brookes v HSBC</li></ul> Bank claims costs v ‘successful’ client<br /><ul><li>Kotecha v Phoenix Recoveries</li></ul> Inconsistent version of terms and conds.<br /><ul><li>Harrison v Link Financial</li></ul> “Credit card borrower tortured by lender”<br />
  8. 8. HOT TOPICS<br />Unfair Relationships<br /><ul><li>Cases involving misseling of PPI
  9. 9. Wollerton v Black Horse</li></ul> No discussion of, or agreement to, <br /> take out PPI<br />
  10. 10. HOT TOPICS<br />Harrison v Black Horse<br /><ul><li>Thought PPI was compulsory
  11. 11. No proper assessment of suitability – high cost and short term
  12. 12. Non-disclosure of commission (87% of premium)</li></li></ul><li>HOT TOPICS<br />Charging Orders<br />Do they carry interest after judgment?<br /><ul><li>Statutory interest in part of judgment and recoverable as such
  13. 13. Charging order takes effect as equitable charge (s.3(4) COA 1979)
  14. 14. Ezekiel v Orakpo held a charging order carries statutory interest even though not referred to</li></li></ul><li>HOT TOPICS<br />Charging Orders (cont’d)<br />Do they carry interest after judgment?<br /><ul><li>No statutory interest on judgments arising out of regulated consumer credit agreements
  15. 15. No contractual post-judgment interest unless term in agreement and compliance with s.130A CCA ‘74</li></li></ul><li>HOT TOPICS<br />Creditor’s arguments in favour<br /><ul><li>Section 3 (4) COA ‘79 creates equitable charge
  16. 16. Equitable charges carry interest (Ezekiel v Orakpo)
  17. 17. Therefore, creditor can recover interest under charging order</li></li></ul><li>HOT TOPICS<br />Client’s arguments against<br /><ul><li>Section 1 COA ‘79 says that purpose of charging order is securing amount ‘due under judgment’
  18. 18. Ezekiel v Orakpo was a High Court case where judgment was already subject to statutory interest
  19. 19. Section 3(4) opens with the words ‘Subject to the provisions of this Act’
  20. 20. Creditor could claim without complying with s.130A</li></li></ul><li>HOT TOPICS<br />Debt Relief Orders<br /><ul><li>Potential challenges to creditors and/or DRO Unit
  21. 21. Deductions from benefits</li></ul> Payne & Cooper in the Supreme Court<br /><ul><li>Possession action for rent arrears</li></ul> A2 Dominions v Godfrey in Court of Appeal<br />
  22. 22. HOT TOPICS<br /><ul><li>Balance of year’s water charges</li></ul> Can insolvency clauses override legislation?<br /><ul><li>Revocation</li></ul> When can DRO Unit revoke?<br /><ul><li>Discharge</li></ul> Is it debt as owed or as scheduled?<br />
  23. 23. HOT TOPICS<br />Case law update<br /><ul><li>Hackney LBC v Findlay</li></ul>Forcelux v Binnie re-visited<br /><ul><li>Bank of Scotland v Pereira</li></ul> Apply for re-hearing or appeal or both?<br />
  24. 24. HOT TOPICS<br /><ul><li>HSBC Bank v Brophy</li></ul> Application form credit card agreements<br /><ul><li>Local Government Ombudsman complaint against Slough BC</li></ul> The tale of the bailiff and the door mat<br />
  25. 25. HOT TOPICS<br />Lucky dip<br />Any topics/questions?<br />