DRF Progresses Towards Creating Voice For Debt Resolution Industry

The new Debt Resolution Forum (DRF), has further progressed towards its' goals of creating a voice for the debt resolution industry, including announcing the membership of the organisation's first board, agreeing a statement of principles and agreeing key goals. "The

By None

The new Debt Resolution Forum (DRF), has further progressed towards its’ goals of creating a voice for the debt resolution industry, including announcing the membership of the organisation’s first board, agreeing a statement of principles and agreeing key goals.

“The Debt Resolution Forum is moving fast to create a regulatory environment that will inspire confidence in our members from both creditor and debtor communities,” says Chris Holmes, the chairman of the organisation. “We are well aware that we must aim for high standards and are confident that our code will be widely welcomed when we launch it in February 2007”.

Since the DRF announced its formation on 6 November the number of organisations indicating their interest in joining the new body has risen from 27 to 38.

DRF has also received encouragement and expressions of interest in working together from a number of organisations including Advice UK, the National Association of Citizens’ Advice Bureau and the Money Advice Trust.

A detailed paper on standards and regulation was presented to the DRF’s board by the Insolvency Practitioners’ Association (IPA). A working party was appointed to develop this and obtain consensus from members’ in time to launch the new membership code at a meeting of all members to be held on 6 February 2007.

«