Sequestration Process

Debtor applicationsF15.

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Sequestration where debtor has few assets (“Minimal Asset Process”): prescribed paymentsF16.

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Debt advice and information packageF17.

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Application of the 1985 Act to limited partnershipsF18.

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Apparent Insolvency/Creditor Debt ThresholdF19.

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Claims in foreign currencyF110.

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Conversion of foreign currency claimsF111.

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Trustee resignation applicationF112.

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Abandonment of heritable property by trusteeF113.

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Debtor contribution ordersF114.

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Notice by trustee of proceedings to obtain authority in relation to debtor’s family homeF115.

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Debtor’s requirement to give account of state of affairsF116.

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Financial educationF117.

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Interest on claims in sequestrationF118.

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Certificate of deferralF119.

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Premium of bond of cautionF120.

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Preference for remuneration of employees, etc.21.

The prescribed amount for the purposes of paragraphs 5(1) and 6 of Schedule 3 to the 1985 Act (the maximum amount which can be claimed as a preferred debt by an employee by way of remuneration or by a person under the Reserve Forces (Safeguard of Employment) Act 198539) is £80040.
Annotations:
Commencement Information

I1Reg. 21 in force at 1.4.2015, see reg. 1

Moratorium on diligence

Moratorium on diligence: notice of intention to applyF222.

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Revocations and sequestration before 1st April 2015

RevocationsF223.

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Sequestration before 1st April 2015F224.

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F3Trust deed granted before 1st April 201525.

These Regulations, except regulation 22 and Forms 29 and 30, have no effect as regards any trust deed granted before 1st April 2015.