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Bankruptcy and Diligence (Scotland) Act 2024

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Changes over time for: Section 10

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10Protected trust deeds: information and time to be provided to debtorS

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(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)..

Commencement Information

I1S. 10 not in force at Royal Assent, see s. 22(2)

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