Bankruptcy and Diligence etc. (Scotland) Act 2007

25Debt limits in sequestrationsS

This section has no associated Explanatory Notes

In section 5 of the 1985 Act (sequestration of the estate of living or deceased debtor)—

(a)in subsection (2B)(a), for “£1,500” substitute “ £3,000 or such sum as may be prescribed ”; and

(b)in subsection (4), for “£1,500”, in both places where it occurs, substitute “ £3,000 ”.

Commencement Information

I1S. 25 partly in force; s. 25 not in force at Royal Assent see s.227; s. 25(a)(b) in force for certain purposes at 1.4.2008 by S.S.I. 2008/115, art. 3(1)(a)(iii){(4)} (with arts. 4-6, 10)