# Coronavirus (Recovery and Reform) (Scotland) Act 2022, Section 20: Bankruptcy: meaning of “qualified creditor” and “qualified creditors”

Extent: S

(1) The Bankruptcy (Scotland) Act 2016 is modified by subsection (2).
(2) In section 7(1) (qualified creditor and qualified creditors)—
(a) in the definition of “qualified creditor”, for “£3,000” substitute “£5,000”,
(b) in the definition of “qualified creditors”, for “£3,000” substitute “£5,000”.
(3) The modifications made by subsection (2) have no effect in relation to any sequestration in respect of which the petition was presented before 1 October 2022.

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Source: https://www.legislation.gov.uk/asp/2022/8/section/20 (the official version)
Page: https://openlegislation.uk/coronavirus-recovery-and-reform-scotland-act-2022/section-20
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.