The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016 (Version in vigour from 2016-10-27 to )
Currency | Unapplied |
Coming into Force | 27 October 2016 |
- “the 2016 Act” means the Bankruptcy (Scotland) Act 2016;
- “Accountant in Bankruptcy” is to be construed in accordance with section 199 of the 2016 Act;
- “creditor” includes a member State liquidator deemed to be a creditor under section 207 of the 2016 Act;
- “date of sequestration” has the meaning given by section 22(7) of the 2016 Act;
- “debtor” includes, without prejudice to the expression’s generality, an entity whose estate may be sequestrated by virtue of section 6 of the 2016 Act, a deceased debtor, a deceased debtor’s executor or a person entitled to be appointed a deceased debtor’s executor;
- “debtor application” means an application for sequestration made to the Accountant in Bankruptcy under section 2(1) (a) , 5(a) or 6(3) (a) , (4) (b) or (7) (a) of the 2016 Act;
- “trust deed” means—
- (a) a voluntary trust deed granted by or on behalf of a debtor whereby the debtor’s estate (other than such of that estate as would not, under any provision of the 2016 Act or of any other enactment, vest in the trustee were that estate sequestrated) is conveyed to the trustee for the benefit of the debtor’s creditors generally; and
-
(b) any other trust deed which would fall within sub-paragraph (a) but for—
- (i) the exclusion from the estate conveyed to the trustee of the whole or part of the debtor’s dwellinghouse, where a secured creditor holds a security over it; and
- (ii) the fact that the debtor’s estate is not conveyed to the trustee for the benefit of creditors generally because the secured creditor has, at the debtor’s request, agreed before the trust deed is granted not to claim under the trust deed for any of the debt in respect of which the security is held.
- “examination” means a private examination under section 118, or a public examination under section 119, of the 2016 Act;
- “relevant person” means a spouse, civil partner or any other person who the trustee believes can give information relating to the debtor’s assets, the debtor’s dealings with them or the debtor’s conduct in relation to the debtor’s business or financial affairs.
To continue reading
Request your trial