Bankruptcy and Diligence etc. (Scotland) Act 2007

Bankruptcy and Diligence etc. (Scotland) Act 2007

2007 asp 3

The Act

Commentary

Part 5 – Inhibition

General and miscellaneous

Section 166 – Ascription

447. This section applies where an inhibition executed to enforce payment of a debt is in force and any payment is made by the debtor on account of the total recoverable by the inhibiting creditor. The payments made on account are allocated to the sum recoverable in the following order—

• the expenses of any other diligence chargeable against the debtor;

• the inhibition expenses;

• interest on the sum due as at the date the inhibition came into force;

• the debt to which the inhibition relates and any interest due after the date the inhibition comes into force.