Bankruptcy And Diligence (Scotland) Act 2024

Ahsan Mustafa looks at the main changes brought in by the Bankruptcy and Diligence (Scotland) Act 2024 began, six months on. These reforms are expressed through amendments to the Bankruptcy (Applications and Decisions) (Scotland) Regulations 2016 and related instruments. The most recent commencement

Protections for people who are in debt and experiencing mental health problems have been approved by the Scottish Parliament. The Bankruptcy and Diligence (Scotland) Bill includes the power to bring in a pause on debt recovery action until six months after the person has finished treatment.