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6. The following are prescribed for the purposes of section 4(1)(d) of the Act as matters on which the debtor must obtain advice from a money adviser—
(a)the income and expenditure of the debtor in accordance with the common financial tool;
(b)the evidence required to confirm the debts of the debtor in making the debtor application;
(c)the debt advice and information package(1);
(d)the options of a voluntary repayment plan, debt payment programme under the Debt Arrangement Scheme or a trust deed;
(e)the consequences of sequestration and that an award of sequestration, if granted, is recorded in a public register and may result in one or more of—
(i)the debtor being refused credit, or being offered credit at a higher rate, whether before or after the date of the debtor being discharged;
(ii)the debtor not being able to remain in his or her current place of residence;
(iii)the debtor being required to relinquish property which the debtor owns;
(iv)the debtor requiring to make contributions from income for the benefit of creditors;
(v)damage to the debtor’s business interests and employment prospects;
(vi)the debtor still being liable for some debts;
(vii)the debtor’s past financial transactions being investigated; and
(viii)other restrictions or requirements imposed on the debtor as a result of the debtor’s own circumstances and actions.
Referred to in section 3(2) of the Act and section 10(5) of the Debt Arrangement and Attachment (Scotland) Act 2002 (asp 17).
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