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Bankruptcy and Diligence etc. (Scotland) Act 2007

New section 56K – Effect of discharge on approval of offer of composition

20.Section 56K provides for the continuation of a BRO or BRU if a debtor obtains a discharge by way of an offer of composition.

21.Section 2(2) of this Act amends section 1A(1)(b) of the 1985 Act with the effect that the AiB is placed under a duty to include BRUs and BROs in the register of insolvencies.

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Text created by the Scottish Executive department responsible for the subject matter of the Act 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

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