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Bankruptcy and Debt Advice (Scotland) Act 2014

The Act

Overview

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

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Explanatory Notes

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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