Technical Short: Scottish Personal Insolvency Technical Update

In late 2019, Scottish Ministers commenced a wide-ranging policy review of Scotland’s statutory debt solutions, with the aim of enhancing and improving the system of debt relief. Commenced pre-pandemic and acquiring an added significance at a time of cost of living crisis, the review consists of three stages.   As a result of Stage 1 and Stage 2, a number of changes have been and will be introduced to the sequestration and protected trust deed process.

In this webinar we will look at recent statutory changes to the Bankruptcy (Scotland) Act 2016 and anticipated changes to the protected trust deed process set out in the draft Protected Trust Deeds (Miscellaneous Amendment) (Scotland) Regulations 2024.  We will look at the corresponding changes to SIP 3.3 and consider the impact of both on the AiB’s PTD Protocol.

Join us for this update on all things Scottish personal insolvency and keep abreast of the proposed changes.

• Background to the proposed changes arising from the Scottish Government review process
• Changes introduced by the Bankruptcy (Miscellaneous Amendments) (Scotland) Regulations 2021 – what changed following the temporary Covid provisions
• Changes introduced by the Bankruptcy and Debt Arrangement Scheme (Miscellaneous Amendments) (Scotland) Regulations 2023 – what changed and what are the implications
• Changes introduced by the Bankruptcy (Scotland) Amendment Regulations 2024 – a new definition of statutory interest
• Anticipated changes to the protected trust deed process set out in the draft Protected Trust Deeds (Miscellaneous Amendment) (Scotland) Regulations 2024
• Round of the “new” SIP 3.3
• Consultation round-up: Mental health moratorium and Stage 3 review
• Round-up of recent Dear Trustee letters – dealing with equal pay claims, Horizon scheme compensation and debtor non-co-operation

Anyone with an interest in Scottish personal insolvency – all welcome!

£55 + VAT per person.

50% reduction for every third one hour session you book.

Webinar fee includes electronic version of course documentation.

Team Booking Discount 

  5-10 team members - £200 + VAT
11-25 team members - £375 + VAT
26-50 team members - £500 + VAT
50+ price on application

If you are looking to make a team booking, please email courses@insolvencysupportservices.com. 

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