{
  "url": "https://openlegislation.uk/debtors-scotland-act-1987/section-12",
  "json_url": "https://openlegislation.uk/debtors-scotland-act-1987/section-12.json",
  "legislation": "ukpga/1987/18",
  "legislation_title": "Debtors (Scotland) Act 1987",
  "legislation_url": "https://openlegislation.uk/debtors-scotland-act-1987",
  "path": "section/12",
  "kind": "section",
  "number": "12",
  "heading": "Sequestration and insolvency.",
  "text": "(1) While a time to pay direction or a time to pay order is in effect, the creditor shall not be entitled to found on the debt concerned in presenting, or in concurring in the presentation of, a petition for the sequestration of the debtor’s estate.\n(2) A time to pay direction or a time to pay order shall cease to have effect—\n(a) on the granting of an award of sequestration of the debtor’s estate;\n(b) on the granting by the debtor of a voluntary trust deed whereby his estate is conveyed to a trustee for the benefit of his creditors generally; or\n(c) on the entering by the debtor into a composition contract with his creditors.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1987/18/section/12",
    "retrieved_at": "2026-10-29T09:52:44.895234+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}