# The Bankruptcy (Scotland) Regulations 2016, Regulation 6: Other matters on which a debtor must obtain advice


The following are prescribed for the purposes of section 4(1)(d) of the Act as matters on which the debtor must obtain advice from a money adviser—
(a) the income and expenditure of the debtor in accordance with the common financial tool;
(b) the evidence required to confirm the debts of the debtor in making the debtor application;
(c) the debt advice and information package;
(d) the options of a voluntary repayment plan, debt payment programme under the Debt Arrangement Scheme or a trust deed;
(e) the consequences of sequestration and that an award of sequestration, if granted, is recorded in a public register and may result in one or more of—
(i) the debtor being refused credit, or being offered credit at a higher rate, whether before or after the date of the debtor being discharged;
(ii) the debtor not being able to remain in his or her current place of residence;
(iii) the debtor being required to relinquish property which the debtor owns;
(iv) the debtor requiring to make contributions from income for the benefit of creditors;
(v) damage to the debtor’s business interests and employment prospects;
(vi) the debtor still being liable for some debts;
(vii) the debtor’s past financial transactions being investigated; and
(viii) other restrictions or requirements imposed on the debtor as a result of the debtor’s own circumstances and actions.

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Source: https://www.legislation.gov.uk/sdsi/2016/9780111033159/regulation/6 (the official version)
Page: https://openlegislation.uk/draft-bankruptcy-scotland-regulations-2016/regulation-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.