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Bankruptcy (Scotland) Act 1993
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23(1)Section 55 (effect of discharge under section 54) shall be amended as follows.
(2)In subsection (1) for the words “subsection (2)” there shall be substituted the words “subsections (2) and (3)”.
(3)After subsection (2) there shall be inserted the following subsection—
“(3)The discharge of the debtor under the said section 54 shall not affect any right of a secured creditor—
(a)for a debt in respect of which the debtor has been discharged to enforce his security for payment of the debt and any interest due and payable on the debt until the debt is paid in full; or
(b)for an obligation in respect of which the debtor has been discharged to enforce his security in respect of the obligation.”
(4)Section 55 of the 1985 Act shall be deemed always to have had effect as amended by this paragraph.
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