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Bankruptcy and Debt Advice (Scotland) Act 2014 07/11/2019 A review of the bankruptcy legislation introduced by the Bankruptcy and Debt Advice (Scotland) Act 2014 is underway, looking at the impact of the changes made to bankruptcies through this legislation.

Bankruptcy and Debt Advice (Scotland) Act 2014

A review of the bankruptcy legislation introduced by the Bankruptcy and Debt Advice (Scotland) Act 2014 is underway, looking at the impact of the changes made to bankruptcies through this legislation.

As part of this a consultation has been launched, in particular looking at:

  • Statutory Moratorium on Diligence;
  • Common Financial Tool;
  • Debtor Contribution Order;
  • Minimal Asset Process Bankruptcy;
  • Financial Education;
  • The treatment of Child Maintenance Debt in Bankruptcy; and
  • The Statutory Rate of Interest applied in Bankruptcy.

Responses are sought by 11th February 2020.

The consultation can be found here.

 

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