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The Scottish Law Commission (SLC) have published a new consultation document on bankruptcy reform. The SLC note in the document that, "Many of the provisions of the 1985 Act are excessively long and the structure of the Act has become difficult to follow with the result that the Act has lost coherence." Like Hamlet the SLC are suggesting we reform it all together! Comments are requested by November 30, 2011.
"This is the ultimate statement of where the law on IVAs is to be found in our great common law...