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SCHEDULE 1Protection of the individual

PART 5Bankruptcy

Meaning of “qualified creditor”

10(1)The Bankruptcy (Scotland) Act 2016 applies in accordance with the modifications in this paragraph.

(2)Section 7(1) (qualified creditor and qualified creditors) has effect as if—

(a)in the definition of “qualified creditor”, for “£3,000” there were substituted “£10,000”,

(b)in the definition of “qualified creditors”, for “£3,000” there were substituted “£10,000”.