Regulation 127 Bankruptcy (Scotland) Act 2016

Section 129 (priority in distribution)^f1 applies as if it were modified as follows.

(a)

in subsection (1)—

(i)

after paragraph (gb) there were inserted—

“(gc)
quaternary non-preferential debts,”, and

(ii)

in paragraph (h)—

(aa)

the “and” after sub-paragraph (iv) were omitted, and

(bb)

after sub-paragraph (v) there were inserted—

“and

(vi)
the quaternary non-preferential debts,”.

(b)

in subsection (3A), for “and “tertiary non-preferential debts”” there were substituted “, “tertiary non-preferential debts” and “quaternary non-preferential debts””.

Annotations

Footnotes

f1: Section 129 was amended by S.S.I. 2017/210, S.I. 2018/1244 and S.S.I. 2019/94.