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Bankruptcy consolidation bill introduced 03/11/2015 The new Bankruptcy (Scotland) Bill 2016 has been introduced to the Scottish Parliament

Bankruptcy consolidation bill introduced

Scottish laws on insolvency are to be brought together into one piece of legislation for the first time in a generation as the new Bankruptcy (Scotland) Bill 2016 is introduced to the Scottish Parliament.

The Bill aims to capture all of the amendments made to the primary legislation governing bankruptcy in Scotland - the Bankruptcy (Scotland) Act 1985 - as well as new laws brought in since, including the Bankruptcy and Debt Advice (Scotland) Act 2014, which came into force in April this year.

The aim of the Bill is to make bankruptcy policy more accessible, both for the money advice community and those experiencing financial difficulties.

Welcoming the introduction of the Bill, Business Minister Fergus Ewing said: “Pulling together all the enactments of bankruptcy into one statute provides a platform to deliver debt solutions fit for the 21st century.”

“The time is right to bring all of these elements together. The 1985 Act has been heavily amended over the years and has lost coherence and structure as a result,” he explained.

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