(1)Subject to subsection (2) below, a petition for the sequestration of a debtor’s estate (other than a deceased debtor’s estate) may be presented—
[F1(a)at any time by–
(i)F2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(ii)a trustee acting under a trust deed;
(iii)a temporary administrator; or
(iv)a member State liquidator appointed in main proceedings;]
(b)by a qualified creditor or qualified creditors, only if the apparent insolvency founded on in the petition was constituted within 4 months before the petition is presented.
[F3(2)A petition for the sequestration of the estate of a limited partnership may be presented—
(a)by a qualified creditor or qualified creditors only if the apparent insolvency founded on in the petition was constituted within 4 months (or such other period as may be prescribed) before the date of presentation of the petition, or
(b)at any time by—
(i)a temporary administrator,
(ii)a member State liquidator appointed in main proceedings, or
(iii)a trustee acting under a trust deed.]
(3)A petition for the sequestration of the estate of a deceased debtor may be presented—
[F4(a)at any time by–
F5(i). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(ii)a person entitled to be appointed as executor of the estate;
(iii)a trustee acting under a trust deed;
(iv)a temporary administrator; or
(v)a member State liquidator appointed in main proceedings;]
(b)by a qualified creditor or qualified creditors of the deceased debtor—
(i)in a case where the apparent insolvency of the debtor was constituted within 4 months before his death, at any time;
(ii)in any other case (whether or not apparent insolvency has been constituted), not earlier than 6 months after the debtor’s death.
F6(4). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(5)The presentation of [F7, or the concurring in,] a petition for sequestration shall bar the effect of any enactment or rule of law relating to the limitation of actions in any part of the United Kingdom.
(6)Where before sequestration is awarded it becomes apparent that a petitioning F8. . . creditor was ineligible so to petition F8. . . he shall withdraw, or as the case may be withdraw from, the petition but another creditor may be sisted in his place.
Textual Amendments
F1S. 8(1)(a) substituted (8.9.2003) by The Insolvency (Scotland) Regulations 2003 (S.I. 2003/2109), reg. 9(1)
F2S. 8(1)(a)(i) repealed (1.4.2008) by Bankruptcy and Diligence etc. (Scotland) Act 2007 (asp 3), ss. 226, 227(3), Sch. 6 (with s. 223); S.S.I. 2008/115, art. 3(2)(3), Sch. 2 (with arts. 4-6, 10 (as amended (with effect from 31.1.2011) by S.S.I. 2011/31, art. 5))
F3S. 8(2) substituted (30.6.2014 for specified purposes, 1.4.2015 in so far as not already in force) by Bankruptcy and Debt Advice (Scotland) Act 2014 (asp 11), ss. 46(1), 57(2); S.S.I. 2014/172, art. 2, sch.; S.S.I. 2014/261, art. 3 (with arts. 4-7, 12) (as amended by S.S.I. 2015/54, art. 2)
F4S. 8(3)(a) substituted (8.9.2003) by The Insolvency (Scotland) Regulations 2003 (S.I. 2003/2109), reg. 9(2)
F5S. 8(3)(a)(i) repealed (1.4.2015) by Bankruptcy and Debt Advice (Scotland) Act 2014 (asp 11), s. 57(2), sch. 4; S.S.I. 2014/261, art. 3 (with arts. 4-7, 12) (as amended by S.S.I. 2015/54, art. 2)
F6S. 8(4) repealed (1.4.2015) by Bankruptcy and Debt Advice (Scotland) Act 2014 (asp 11), s. 57(2), sch. 4; S.S.I. 2014/261, art. 3 (with arts. 4-7, 12) (as amended by S.S.I. 2015/54, art. 2)
F7Words in s. 8(5) repealed (S.) (1.4.2008) by Bankruptcy and Diligence etc. (Scotland) Act 2007 (asp 3), ss. 226, 227(3), Sch. 6 (with s. 223); S.S.I. 2008/115, art. 3(2)(3), Sch. 2 (with arts. 4-6, 10 (as amended (with effect from 31.1.2011) by S.S.I. 2011/31, art. 5))
F8Words in s. 8(6) repealed (1.4.2008) by Bankruptcy and Diligence etc. (Scotland) Act 2007 (asp 3), ss. 226, 227(3), Sch. 6 (with s. 223); S.S.I. 2008/115, art. 3(2)(3), Sch. 2 (with arts. 4-6, 10 (as amended (with effect from 31.1.2011) by S.S.I. 2011/31, art. 5))
Modifications etc. (not altering text)
C1S. 8(5) applied with modifications by S.I. 1986/1915, Rule 4.76.