PART IEXTENSION OF TIME TO PAY DEBTS

Miscellaneous

13Saving of creditor's right and remedies

(1)

No right or remedy of a creditor to enforce his debt shall be affected by—

(a)

a time to pay direction;

(b)

a time to pay order; or

(c)

an interim order under section 6(3) of this Act,

except as expressly provided in this Part of this Act.

(2)

The recall—

(a)

on the making of a time to pay direction or an order under section 3(1) of this Act, of an arrestment; or

(b)

on the making of a time to pay order or an order under section 10(1) of this Act, of an arrestment or a poinding,

shall not prevent the creditor therein from being ranked by virtue of that arrestment or poinding pari passu under paragraph 24 of Schedule 7 to the M1Bankruptcy (Scotland) Act 1985 on the proceeds of any other arrestment or poinding.