Bankruptcy and Debt Advice (Scotland) Bill

The Bankruptcy and Debt Advice (Scotland) Bill was introduced in the Scottish Parliament on 11 June 2013.

This bill only applies in Scotland but will also be of interest to those clients in England who operate across border.

The Bankruptcy & Debt Advice (Scotland) Bill follows up the consultation on Scottish bankruptcy law reform led by the Accountant in Bankruptcy (AiB), whose stated aim was to provide a ‘financial health service’ with a focus on rehabilitation balanced against individual debtors taking responsibility. The AiB is a public appointee responsible for administering the process of personal bankruptcy and recording corporate insolvencies in Scotland…

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Overview

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