<Legislation xmlns="http://www.legislation.gov.uk/namespaces/legislation" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" DocumentURI="http://www.legislation.gov.uk/asp/2016/21/2020-12-31" IdURI="http://www.legislation.gov.uk/id/asp/2016/21" NumberOfProvisions="379" RestrictEndDate="2021-03-29" xsi:schemaLocation="http://www.legislation.gov.uk/namespaces/legislation http://www.legislation.gov.uk/schema/legislation.xsd" SchemaVersion="1.0" RestrictStartDate="2020-12-31" RestrictExtent="S"><ukm:Metadata xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:dct="http://purl.org/dc/terms/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:ukm="http://www.legislation.gov.uk/namespaces/metadata">
					<dc:identifier>http://www.legislation.gov.uk/asp/2016/21/section/81/2020-12-31</dc:identifier><dc:title>Bankruptcy (Scotland) Act 2016</dc:title><dc:description>An Act of the Scottish Parliament to consolidate the Bankruptcy (Scotland) Act 1985, the Bankruptcy (Scotland) Act 1993, Part 1 of the Bankruptcy and Diligence etc. (Scotland) Act 2007, Part 2 of the Home Owner and Debtor Protection (Scotland) Act 2010, the Bankruptcy and Debt Advice (Scotland) Act 2014, the Protected Trust Deeds (Scotland) Regulations 2013 and related enactments.</dc:description><dc:type>text</dc:type><dc:format>text/xml</dc:format><dc:language>en</dc:language><dc:publisher>Statute Law Database</dc:publisher><dc:modified>2025-07-13</dc:modified><dc:contributor>Expert Participation</dc:contributor><dct:valid>2020-12-31</dct:valid>
					
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					<ukm:PrimaryMetadata><ukm:DocumentClassification><ukm:DocumentCategory Value="primary"/><ukm:DocumentMainType Value="ScottishAct"/><ukm:DocumentStatus Value="revised"/></ukm:DocumentClassification><ukm:Year Value="2016"/><ukm:Number Value="21"/><ukm:EnactmentDate Date="2016-04-28"/><ukm:ISBN Value="9780105903000"/><ukm:UnappliedEffects><ukm:UnappliedEffect AffectedNumber="21" AffectedClass="ScottishAct" AffectingProvisions="s. 7(2)(a)" Row="134" AffectingURI="http://www.legislation.gov.uk/id/asp/2019/4" AffectedYear="2016" URI="http://www.legislation.gov.uk/id/effect/key-6e0db93dc490277e40ca13c80639ddb4" AffectingEffectsExtent="S" RequiresApplied="true" AffectedProvisions="s. 78(2)(a)" AffectingClass="ScottishAct" AffectingNumber="4" Modified="2022-10-27T14:41:33Z" EffectId="key-6e0db93dc490277e40ca13c80639ddb4" AffectedURI="http://www.legislation.gov.uk/id/asp/2016/21" Type="words in s. 78(2) renumbered as s. 78(2)(a)" AffectingYear="2019"><ukm:AffectedTitle>Bankruptcy (Scotland) Act 2016</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section Ref="section-78-2-a" URI="http://www.legislation.gov.uk/id/asp/2016/21/section/78/2/a" FoundRef="section-78">s. 78(2)(a)</ukm:Section></ukm:AffectedProvisions><ukm:AffectingTitle>Damages (Investment Returns and Periodical Payments) (Scotland) Act 2019</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="section-7-2-a" URI="http://www.legislation.gov.uk/id/asp/2019/4/section/7/2/a">s. 7(2)(a)</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="section-9-2" URI="http://www.legislation.gov.uk/id/asp/2019/4/section/9/2">s. 9(2)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Applied="false" Prospective="true" Qualification=""/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect Modified="2022-10-27T14:41:33Z" AffectingYear="2019" EffectId="key-60b0349328a5805b802f0a3884b0e734" RequiresApplied="true" AffectedClass="ScottishAct" AffectedURI="http://www.legislation.gov.uk/id/asp/2016/21" Row="135" AffectedProvisions="s. 78(2)(b) and word" URI="http://www.legislation.gov.uk/id/effect/key-60b0349328a5805b802f0a3884b0e734" AffectedYear="2016" AffectingNumber="4" AffectingClass="ScottishAct" AffectedNumber="21" AffectingProvisions="s. 7(2)(b)" AffectingEffectsExtent="S" Type="inserted" AffectingURI="http://www.legislation.gov.uk/id/asp/2019/4"><ukm:AffectedTitle>Bankruptcy (Scotland) Act 2016</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section Ref="section-78-2-b" URI="http://www.legislation.gov.uk/id/asp/2016/21/section/78/2/b" FoundRef="section-78">s. 78(2)(b)</ukm:Section> and word</ukm:AffectedProvisions><ukm:AffectingTitle>Damages (Investment Returns and Periodical Payments) (Scotland) Act 2019</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="section-7-2-b" URI="http://www.legislation.gov.uk/id/asp/2019/4/section/7/2/b">s. 7(2)(b)</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="section-9-2" URI="http://www.legislation.gov.uk/id/asp/2019/4/section/9/2">s. 9(2)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Applied="false" Prospective="true" Qualification=""/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect AffectedNumber="21" EffectId="key-e17ac236badcc93819b9dfdf5c19b471" AffectedYear="2016" AffectingYear="2025" AffectingURI="http://www.legislation.gov.uk/id/asp/2025/3" Type="inserted" AffectingClass="ScottishAct" Created="2025-02-05T13:15:05Z" AffectingProvisions="sch. 2 para. 10(3)(b)" AffectingNumber="3" AffectingEffectsExtent="S" AffectedClass="ScottishAct" AffectedProvisions="s. 88(1)(d) and word" AffectedURI="http://www.legislation.gov.uk/id/asp/2016/21" RequiresApplied="true" Row="31" URI="http://www.legislation.gov.uk/id/effect/asp-2025-3-omtoo5q5-31"><ukm:AffectedTitle>Bankruptcy (Scotland) Act 2016</ukm:AffectedTitle><ukm:AffectedProvisions><ukm:Section Ref="section-88-1-d" URI="http://www.legislation.gov.uk/id/asp/2016/21/section/88/1/d" FoundRef="section-88">s. 88(1)(d)</ukm:Section> and word</ukm:AffectedProvisions><ukm:AffectingTitle>Judicial Factors (Scotland) Act 2025</ukm:AffectingTitle><ukm:AffectingProvisions><ukm:Section Ref="schedule-2" URI="http://www.legislation.gov.uk/id/asp/2025/3/schedule/2">sch. 2 </ukm:Section><ukm:Section Ref="schedule-2-paragraph-10-3-b" URI="http://www.legislation.gov.uk/id/asp/2025/3/schedule/2/paragraph/10/3/b">para. 10(3)(b)</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="section-54-2" URI="http://www.legislation.gov.uk/id/asp/2025/3/section/54/2">s. 54(2)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Applied="false" Prospective="true" Qualification=""/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect RequiresApplied="true" Type="inserted" 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URI="http://www.legislation.gov.uk/id/asp/2025/3/schedule/2">sch. 2 </ukm:Section><ukm:Section Ref="schedule-2-paragraph-10-8" URI="http://www.legislation.gov.uk/id/asp/2025/3/schedule/2/paragraph/10/8">para. 10(8)</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="section-54-2" URI="http://www.legislation.gov.uk/id/asp/2025/3/section/54/2">s. 54(2)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Applied="false" Prospective="true" Qualification=""/></ukm:InForceDates></ukm:UnappliedEffect><ukm:UnappliedEffect URI="http://www.legislation.gov.uk/id/effect/key-82d2d21906c816ec7c71678eb0c08387" Type="inserted" AffectedClass="ScottishAct" AffectedYear="2016" AffectedURI="http://www.legislation.gov.uk/id/asp/2016/21" AffectedProvisions="Sch. 3 para. 10(2)(za)" AffectingEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" AffectingNumber="36" EffectId="key-82d2d21906c816ec7c71678eb0c08387" AffectedNumber="21" 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31(a)</ukm:Section></ukm:AffectingProvisions><ukm:CommencementAuthority><ukm:Section Ref="section-159-3" URI="http://www.legislation.gov.uk/id/ukpga/2025/36/section/159/3">s. 159(3)</ukm:Section></ukm:CommencementAuthority><ukm:InForceDates><ukm:InForce Applied="false" Prospective="true" Qualification=""/></ukm:InForceDates></ukm:UnappliedEffect></ukm:UnappliedEffects></ukm:PrimaryMetadata>
					

                    
									 
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				</ukm:Metadata><Primary><Body DocumentURI="http://www.legislation.gov.uk/asp/2016/21/body/2020-12-31" IdURI="http://www.legislation.gov.uk/id/asp/2016/21/body" NumberOfProvisions="243" RestrictEndDate="2025-04-17" RestrictStartDate="2020-12-31" RestrictExtent="S"><Part DocumentURI="http://www.legislation.gov.uk/asp/2016/21/part/5/2020-12-31" IdURI="http://www.legislation.gov.uk/id/asp/2016/21/part/5" NumberOfProvisions="11" id="part-5" RestrictStartDate="2020-12-31"><Number>
          <Strong>PART 5</Strong>
        </Number><Title>Vesting <Abbreviation Expansion="et cetera" xml:lang="la">etc.</Abbreviation></Title><Pblock DocumentURI="http://www.legislation.gov.uk/asp/2016/21/part/5/crossheading/vesting/2020-12-31" IdURI="http://www.legislation.gov.uk/id/asp/2016/21/part/5/crossheading/vesting" NumberOfProvisions="10" id="part-5-crossheading-vesting" RestrictStartDate="2020-12-31"><Title><Emphasis>Vesting</Emphasis></Title><P1group RestrictStartDate="2016-11-30"><Title>Property released from detention</Title><P1 DocumentURI="http://www.legislation.gov.uk/asp/2016/21/section/81/2020-12-31" IdURI="http://www.legislation.gov.uk/id/asp/2016/21/section/81" id="section-81"><Pnumber PuncAfter=""><CommentaryRef Ref="key-3b4adca1ff6429e54013a8501fc6b436"/>81</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/asp/2016/21/section/81/1/2020-12-31" IdURI="http://www.legislation.gov.uk/id/asp/2016/21/section/81/1" id="section-81-1"><Pnumber>1</Pnumber><P2para><Text>Subsection (2) applies where—</Text><P3 DocumentURI="http://www.legislation.gov.uk/asp/2016/21/section/81/1/a/2020-12-31" IdURI="http://www.legislation.gov.uk/id/asp/2016/21/section/81/1/a" id="section-81-1-a"><Pnumber>a</Pnumber><P3para><Text>property is excluded from the debtor's estate by virtue of section 420(2)(b) of the Proceeds of Crime Act 2002 (property detained under certain provisions),</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/asp/2016/21/section/81/1/b/2020-12-31" IdURI="http://www.legislation.gov.uk/id/asp/2016/21/section/81/1/b" id="section-81-1-b"><Pnumber>b</Pnumber><P3para><Text>no order is in force in respect of the property under section 41, 50, 120, 128, 190 or 198 of that Act, and</Text></P3para></P3><P3 DocumentURI="http://www.legislation.gov.uk/asp/2016/21/section/81/1/c/2020-12-31" IdURI="http://www.legislation.gov.uk/id/asp/2016/21/section/81/1/c" id="section-81-1-c"><Pnumber>c</Pnumber><P3para><Text>the property is released.</Text></P3para></P3></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/asp/2016/21/section/81/2/2020-12-31" IdURI="http://www.legislation.gov.uk/id/asp/2016/21/section/81/2" id="section-81-2"><Pnumber>2</Pnumber><P2para><Text>The property vests in the trustee in the sequestration as part of the debtor's estate.</Text></P2para></P2></P1para></P1></P1group></Pblock></Part></Body></Primary><Commentaries><Commentary id="key-3b4adca1ff6429e54013a8501fc6b436" Type="I"><Para><Text><CitationSubRef SectionRef="section-81" URI="http://www.legislation.gov.uk/id/asp/2016/21/section/81" id="cgjpes2p2-01155">S. 81</CitationSubRef> in force at 30.11.2016  by <Citation URI="http://www.legislation.gov.uk/id/ssi/2016/294" Class="ScottishStatutoryInstrument" Year="2016" Number="294" Title="The Bankruptcy (Scotland) Act 2016 (Commencement) Regulations 2016" id="cgjpes2p2-01156">S.S.I. 2016/294</Citation>, <CitationSubRef SectionRef="regulation-2" URI="http://www.legislation.gov.uk/id/ssi/2016/294/regulation/2" CitationRef="cgjpes2p2-01156" Operative="true" id="cgjpes2p2-01157">reg. 2</CitationSubRef></Text></Para></Commentary></Commentaries></Legislation>