4.The Act comprises of 58 sections and 4 schedules. They are arranged under the following headings:
Advice and education
Payments by debtor following sequestration
Sequestration where debtor has few assets
Moratorium on diligence
Application for sequestration
Administration of estate
Discharge following sequestration
Records
Functions of sheriff and Accountant in Bankruptcy in sequestration
Review of decisions made by Accountant in Bankruptcy
Miscellaneous amendments
General
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:
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.
