Sequestration Process

Financial education17

The course of financial education prescribed for the purposes of section 43B(1) of the 1985 Act34 is—

a

the Scottish Financial Education Module learning materials divided into sections and published under that title by Money Advice Scotland35; or

b

all of the sections of that Module except for any section where the debtor’s circumstances indicate the debtor does not require financial education on the topic of that section, in relation to any of the following topics—

i

budgeting and financial planning;

ii

saving;

iii

borrowing;

iv

insurance;

v

tax;

vi

financial life stages (financial considerations in relation to renting or buying a home, having a baby and loss of employment);

vii

welfare benefits.