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Bankruptcy (Scotland) Act 1993
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- UK Public General Acts
- 1993 c. 6
- SCHEDULE 1
- Statement of debtor’s affairs
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Statement of debtor’s affairs
8(1)Section 20 (duty to prepare statement of debtor’s affairs) shall be amended as follows.
(2)For subsection (1) there shall be substituted the following subsection—
“(1)When the interim trustee has received the statement of assets and liabilities, he shall, as soon as practicable, prepare a statement of the debtor’s affairs so far as within the knowledge of the interim trustee and shall indicate in the statement of the debtor’s affairs whether, in his opinion, the debtor’s assets are unlikely to be sufficient to pay any dividend whatsoever in respect of the debts mentioned in paragraphs (e) to (h) of section 51(1) of this Act.”
(3)In paragraph (a) of subsection (2) for the words “a copy of the debtor’s list” there shall be substituted the words “the statement”.
(4)After subsection (5) there shall be inserted the following subsection—
“(5A)Subsections (2) and (3) above do not apply in any case where the Accountant in Bankruptcy is the interim trustee.”
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