The Bankruptcy (Consolidation) Bill is very welcome.
Although it does not make any substantive changes to personal insolvency law in Scotland, it does bring the Scottish law on bankruptcy together into one piece of well-ordered and logical legislation.
The changes introduced to the Scottish personal insolvency regime over the past few decades have been necessary but have often been introduced in a piecemeal fashion.
As a result, the law has become rather unwieldy and difficult to follow in practice.
For example, until now, inserting new provisions into existing legislation has made the numbering in the Bankruptcy (Scotland) Act very difficult to follow.
In section 5 of the Act, which deals with petitions for sequestration, we have the…
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