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Scottish Sequestration Changes 1st April 2008

Just to let anyone who may be looking in from scotland that the system has changed from the 1st of april and the period reduced from 3 years down to one in line with england and wales.

More details on the accountants in bankruptcy site :

http://www.aib.gov.uk/MainNav/Services/Legislation/Duringbankruptcy/howlongbankruptcylast

DFH4NP

Comments

  • Persolv0
    Persolv0 Posts: 214 Forumite
    Hello Dfh4np
    A number of years ago i got engrossed in playing the tombraider 2 game on my daughters playstation (emm dont worry this is going somewhere:rotfl:)

    The principle of the game was a series of puzzles one had to figure out in her journey and inevitably some of the puzzles would have me stuck for ages ...then a wonderful moment would arise as the solution dawned on me and all became clear

    Ive searched on and off for weeks now for concrete info concerning the sequestration laws up here but google brings up a whole load of info thats hard to fathom whether its out of date.....supposition of what the laws will be... or inaccurate info.and the scottish govt website is equally confusing.

    So a big thankyou in posting the solution to the PS2 game that is the Scottish Execurives decision and Im off now to read .

    Thanks again
  • fermi
    fermi Posts: 40,542 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Rampant Recycler
    Looks like the AIB have got a half decent website at last as well. :)

    The old one was awful and put me off even trying to search it for info.:rolleyes:
    Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB

    IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed
  • Persolv0
    Persolv0 Posts: 214 Forumite
    fermi wrote: »
    Looks like the AIB have got a half decent website at last as well. :)

    The old one was awful and put me off even trying to search it for info.:rolleyes:

    The complete lack of reliable information this side of the border has been incredibly frustrating and only adds to the stress of it all.
    I have had a read through of the website and whilst it does nt really answer all the questions i have at least its a start and hopefully the scottish national debtline etc will have updated info soon also,
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