I just received an email from Neo Financial which appears to indicate that the punitive 3 year regime will continue. The following are some quotes form the mail:
'1YEAR BANKRUPTCY DEAD FOR NOW'
'AGAIN it seems as if the government have stood firm behind banks and creditors. After all the lobbying they have ignored the Finance Committee's recommendation for 1 year bankruptcy.'
'The watered down 'bank veto' for insolvency cases was passed yesterday in the amended Personal Insolvency Act, but no mention of the much needed and much demanded 1 year bankruptcy'.