Contents
1Citation and commencement#
These Regulations may be cited as the Bankruptcy (Scotland) Regulations 2014 and come into force on 1st April 2015.
2Interpretation#
(1)In these Regulations, “the 1985 Act” means the Bankruptcy (Scotland) Act 1985.
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Forms
Register of Insolvencies
Sequestration Process
6Sequestration where debtor has few assets (“Minimal Asset Process”): prescribed payments#
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7Debt advice and information package#
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8Application of the 1985 Act to limited partnerships#
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9Apparent Insolvency/Creditor Debt Threshold#
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11Conversion of foreign currency claims#
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13Abandonment of heritable property by trustee#
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15Notice by trustee of proceedings to obtain authority in relation to debtor’s family home#
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16Debtor’s requirement to give account of state of affairs#
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18Interest on claims in sequestration#
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21Preference for remuneration of employees, etc.#
The prescribed amount for the purposes of paragraphs 5(1) and 6 of Schedule 3 to the 1985 Act (the maximum amount which can be claimed as a preferred debt by an employee by way of remuneration or by a person under the Reserve Forces (Safeguard of Employment) Act 1985) is £800.
Moratorium on diligence
Revocations and sequestration before 1st April 2015
Schedule 1 · Forms
Schedule 2 · Register of insolvencies
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