Regulation 4 The debtor

(1)

The debtor must be–

(a)

a living individual;

(b)

a partnership;

(c)

a limited partnership within the meaning of the Limited Partnerships Act 1907^f1;

(d)

a trust; or

(e)

a corporate body or unincorporated body,

that grants a trust deed for a single estate.

(2)

The debtor must not be–

(a)

a debtor in respect of whom sequestration has been granted;

(b)

in the case of an individual, subject to an approved debt payment programme under the Debt Arrangement Scheme^f2; or

(c)

an entity referred to in section 6(2) of the Act.

Annotations

f1: 1907 c. 24.
f2: The Debt Arrangement Scheme was set up under the Debt Arrangement and Attachment (Scotland) Act 2002 (asp 17).