- Latest available (Revised)
- Original (As enacted)
This is the original version (as it was originally enacted).
(1)Where a debt payment programme has been approved or varied, the debts specified in the application for the approval or, as the case may be, the variation shall be paid in accordance with the programme.
(2)It is not competent—
(a)to serve a charge for payment in respect of; or
(b)to commence or execute any diligence to enforce payment of,
any debt owed by a debtor who has debts which are being paid under an approved debt payment programme.
(3)A creditor is not entitled to found on any debt owed by such a debtor in presenting, or concurring in the presentation of, a petition for the sequestration of the debtor’s estate.
(4)There is to be disregarded, for the purposes of the exercise by a creditor of any rights to enforce a debt or remedies to like effect, any period during which the debtor’s debts were subject to an approved debt payment programme.
(5)The debts referred to in subsections (2) to (4) above are restricted to—
(a)those to which the debtor’s debt payment programme relates; and
(b)any other debts owed to creditors who have been given notice, in the prescribed form, of the approval of the debt payment programme.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Text created by the Scottish Government to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Acts of the Scottish Parliament except those which result from Budget Bills.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: