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The Bankruptcy (Certificate for Sequestration) (Scotland) Regulations 2010

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4.  Prior to granting a certificate for sequestration, an authorised person must—

(a)provide the debtor with a copy of a Debt Advice and Information Package referred to in section 10(5) of the 2002 Act;

(b)advise the debtor of the options of a voluntary repayment plan, a debt payment programme under the Debt Arrangement Scheme or a trust deed; and

(c)advise the debtor of the consequences of sequestration and that an award of sequestration, if granted, is recorded in a public register and may result in one or more of—

(i)the debtor being refused credit, or being offered credit at a higher rate, whether before or after the date of the debtor being discharged;

(ii)the debtor not being able to remain in his/her current place of residence;

(iii)the debtor being required to relinquish property which the debtor owns;

(iv)the debtor requiring to make contributions from income for the benefit of creditors;

(v)damage to the debtor’s business interests and employment prospects;

(vi)the debtor still being liable for some debts;

(vii)the debtor’s past financial transactions being investigated; and

(viii)other restrictions or requirements imposed on the debtor as a result of the debtor’s own circumstances and actions.

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