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The Home Owner and Debtor Protection (Scotland) Bill has been issued by the Scottish Parliament. The Bill relates to a proposed Act of the Scottish Parliament to amend the law regarding the enforcement of standard securities over residential property; to amend the Bankruptcy (Scotland) Act 1985 as regards the grounds on which a debtor may apply for sequestration, the types of voluntary trust deed to which the Act applies, the sale or disposal of a debtor’s family home and requirements to publish notices about sequestration in the Edinburgh Gazette; and for connected purposes.
"This is the ultimate statement of where the law on IVAs is to be found in our great common law...