Point in time view as at 20/01/2025.
There are currently no known outstanding effects for the Bankruptcy and Diligence (Scotland) Act 2024, Section 10.
(1)Part 14 of the Bankruptcy (Scotland) Act 2016 is modified as follows.
(2)In section 167 (statements in and advice regarding trust deed)—
(a)in subsection (3), for paragraph (b) substitute—
“(b)the trustee must provide the debtor with—
(i)a copy of a debt advice and information package, and
(ii)a copy of a trust deed information document,
(ba)the trustee must give the debtor adequate time to consider the advice and material provided under paragraphs (a) and (b),”, and
(b)after subsection (3), insert—
“(4)For the purposes of subsection (3) a “trust deed information document” means a document containing such information (including information regarding the consequences of granting a trust deed), and in such form, as the Scottish Ministers may determine.
(5)The trustee must have regard to any guidance issued by the Scottish Ministers about giving debtors adequate time to consider the advice and material provided under paragraphs (a) and (b) of subsection (3).
(6)The Scottish Ministers must publish any guidance issued under subsection (5).”.
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