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Bankruptcy (Scotland) Act 1985

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This is the original version (as it was originally enacted).

33Limitations on vesting

(1)The following property of the debtor shall not vest in the permanent trustee—

(a)property exempted from poinding for the purpose of protecting the debtor and his family ;

(b)property held on trust by the debtor for any other person.

(2)The vesting of a debtor's estate in a permanent trustee shall not affect the right of hypothec of a landlord.

(3)Sections 31 and 32 of this Act are without prejudice to the right of any secured creditor which is preferable to the rights of the permanent trustee.

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