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Bankruptcy and Diligence (Scotland) Act 2024

49.This section requires the Scottish Ministers, within 1 year of this section coming into force, to carry out a consultation with such persons as Ministers consider appropriate on the merits of attaching particular types of funds or property and establishing, or modifying, a process whereby debtors may apply to have certain arrested funds or property released. After having regard to the views expressed in the consultation, the Scottish Ministers must prepare a report on the consultation which summarises the consultation responses and sets out what the Scottish Ministers intend to do as a result of the responses. This may include, for example, exercising their regulation making powers under section 73U of the 1987 Act to modify Part 3A of that Act (inserted by this section, as explained below). The report must be laid before the Scottish Parliament as soon as reasonably practicable after the report has been prepared.

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See the glossary in the Policy Memorandum for definition of terms.

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