Regulation 40 Revocation on sequestration or protected trust deedI1
Scotland
A debt payment programme must be revoked by the DAS Administrator—
(a)
on an award of sequestration of the debtor’s estate on a debtor application within the meaning of the 1985 Act;
F1(aa)
on an award of sequestration of the debtor’s estate where a creditor presented, or concurred in the presentation of, the petition for sequestration before approval of the programme;
(b)
from when a protected trust deed by the debtor obtains that status.
Annotations
Textual amendments
- F1
Reg. 40(aa) inserted (2.7.2013) by The Debt Arrangement Scheme (Scotland) Amendment Regulations 2013 (S.S.I. 2013/225), regs. 1(2), 14(1)