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Bankruptcy and Diligence etc. (Scotland) Act 2007

Section 119 – Ascription

353.This section provides that, where any sums are recovered by land attachment or are paid by the debtor while the attachment is in force, those sums will be ascribed to the following heads of claim in the following order—

  • the expenses of the land attachment chargeable against the debtor;

  • interest on the debt due as at the date the notice of land attachment was registered;

  • the debt due and any interest on it which has accrued since the registration of the notice.

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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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