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The Debt Arrangement Scheme (Scotland) Amendment Regulations 2007
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- Scottish Statutory Instruments
- 2007 No. 262
- Explanatory Note
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Explanatory Note
(This note is not part of the Regulations)
The Debt Arrangement Scheme (Scotland) Regulations 2004 (the “2004 Regulations”), made under the Debt Arrangement and Attachment (Scotland) Act 2002, provide a scheme for repayment of multiple debts in Scotland. Part 13 of the Bankruptcy and Diligence (Scotland) Act substantially amended that Act of 2002.
These regulations, which amend the 2004 regulations, are intended to extend the effect of debt payment programmes to render non payable interest, fees, penalties and other charges which would otherwise become payable in relation to debts included in such programmes.
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