Scottish Statutory Instrument
2016
United Kingdom
The Bankruptcy (Scotland) Regulations 2016
At a glance
What's here
3 compliance obligations
Who this Act binds
Business-side actors with duties under this Act, ranked by how often they appear.
- Trader 1
- Any Person 1
Plus 1 non-business duty on Crown ministers, regulators, local authorities or tribunals — shown collapsed under each section below.
Other Acts binding the same actors
For each actor bound by this Act, the other UK Acts that bind them most often. Useful for understanding the full compliance landscape facing each role.
Traders also bound by 826 other Acts (top 5 shown)
- Value Added Tax Regulations 1995 1995 413 duties
- Companies Act 2006 2006 243 duties
- The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 2008 114 duties
- Insolvency (England and Wales) Rules 2016 2016 62 duties
- Building Societies Act 1986 1986 56 duties
Any Person also bound by 2337 other Acts (top 5 shown)
- Human Medicines Regulations 2012 2012 169 duties
- Merchant Shipping Act 1995 1995 144 duties
- Insolvency (England and Wales) Rules 2016 2016 101 duties
- Road Traffic Act 1988 1988 95 duties
- Air Navigation Order 2016 2016 95 duties
What this Act requires
Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.
Schedules
Browse 5 other Schedules — structural / supplementary
B. Protected trust deeds for creditors Name and address of...
C. Bankruptcy Restrictions Orders, Interim Bankruptcy Restrictions Orders and Bankruptcy...
D. Moratorium Notice of intention to apply – moratorium on...
E. Winding up and receivership of business associations Company number...
Money advice on debtor applications: procedure on evidence and information
- Obtain and keep evidence of debtor's income and expenditure for 2 years Any Person
Certificate for sequestration: form and manner
- Ensure certificate for sequestration is in Form 2 and properly signed Trader
Debtor applications
Other duties (1) — Crown / regulator
- AiB must notify debtors of sequestration decision without delay Crown / Minister / Government department
Browse 31 other sections — procedural / definitional / commencement
Citation and commencement
Interpretation
Forms
Approved categories of money advisers
Persons who may not be approved money advisers
Other matters on which a debtor must obtain advice
Certificate for sequestration: fee
Certificate for sequestration: prescribed period
Debt advice and information package
“Minimal Asset Process” debtors to whom section 2(2) of Act applies: prescribed payments
“Minimal Asset Process” debtors to whom section 2(2) of Act applies: total assets
116Common financial tool
Common financial tool: contingency allowance
Common financial tool: supporting statements and evidence
Money Advice Trust licence requirements: report
Debtor contribution orders
Deduction from debtor's earnings and other income
Claims in foreign currency
Conversion of foreign currency claims
Trustee resignation application
Abandonment of heritable property by trustee
Financial education
Interest on claims in sequestration
Certificate of deferral of debtor's discharge
Premium of bond of caution
Moratorium on diligence: notice of intention to apply
Register of Insolvencies
Application of Bankruptcy (Scotland) Act 2016 to limited partnerships
Revocations
Sequestrations and trust deeds before 30th November 2016
Moratorium on diligence: notice of intention to apply under Bankruptcy (Scotland) Act 2016
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