Bankruptcy and Diligence etc. (Scotland) Act 2007

96 Creditor's duties prior to full hearing on application for warrant for sale S

(1) The creditor must, no later than 7 clear days before the date fixed for the hearing under section 97 of this Act, lodge—

(a) the valuation report;

(b) a continuation of the report on the search in the appropriate property register mentioned in section 92(4)(c)(i) of this Act;

(c) a continuation of the report on the search in the Register of Inhibitions mentioned in section 92(4)(c)(ii) of this Act; and

(d) a note specifying the amount outstanding under any security or diligence over the land specified in the application.

(2) Where a report lodged under subsection (1)(b) or (c) above reveals a deed registered since the date of the report mentioned in section 92(4)(c)(i) of this Act or, as the case may be, a notice under section 91 of this Act registered since the date of the report mentioned in section 92(4)(c)(ii) of this Act, the sheriff—

(a) must make an order requiring—

(i) the application; and

(ii) the date fixed for the hearing,

to be intimated to the person who registered that deed or, as the case may be, that notice; and

(b) may, if it appears necessary to do so, make an order—

(i) postponing the hearing to a later date; and

(ii) requiring the creditor to intimate that date to that person and to the persons mentioned in section 92(5) of this Act.

(3) Where the sheriff makes an order under subsection (2)(b)(i) above postponing the hearing, the sheriff may make such ancillary orders as the sheriff thinks fit including, without prejudice to that generality, an order requiring fresh continuations of the reports on searches mentioned in subsection (1)(b) and (c) above to be lodged.

(4) Subsection (6) of section 92 of this Act applies to a person who receives intimation under subsection (2) above as it applies to a person who receives intimation under subsection (5) of that section.

(5) The Scottish Ministers may, by regulations, make further provision about the continuations of the reports on searches mentioned in subsection (1)(b) and (c) above which are to be lodged under that subsection.

Commencement Information

I1 S. 96 partly in force; s. 96 not in force at Royal Assent see s. 227; s. 96(5) in force for certain purposes at 1.4.2008 by S.S.I. 2008/115, art. 3(4), Sch. 3 (with arts. 4-6, 10)