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Debt Arrangement and Attachment (Scotland) Act 2002

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Debt Arrangement and Attachment (Scotland) Act 2002, Section 56 is up to date with all changes known to be in force on or before 30 May 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

56 RedemptionS

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(1)Subject to any order made under section 20(1)(b) above, the debtor is entitled, within 7 days of the date on which an article is attached, to redeem that article.

(2)The amount for which such an article may be redeemed is the value fixed under section 51 or 54(1) above.

(3)The officer shall, on receiving payment from the debtor for the redemption of an attached article, grant a receipt in the form prescribed by Act of Sederunt to the debtor.

(4)The attachment of the article is, on the grant of such a receipt, to cease to have effect.

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