Explanatory note
(This note is not part of the Regulations)
The Debt Arrangement Scheme (Scotland) Regulations 2004 (“the 2004 Regulations”), made under the Debt Arrangement and Attachment (Scotland) Act 2002, provide a scheme for repayment of multiple debts in Scotland. Part 13 of the Bankruptcy and Diligence (Scotland) Act substantially amended that Act of 2002.
These Regulations, which amend the 2004 Regulations, simplify the process under which applications for approval of debt payment programmes are determined and rationalise the effect which such programmes are to have on diligence generally.