Skip to main content

Sequestration

Volume 167: debated on Monday 12 February 1990

The text on this page has been created from Hansard archive content, it may contain typographical errors.

To ask the Secretary of State for Scotland how many decrees of sequestration there have been in Scotland for each year since 1974.

The number of sequestrations registered annually by the accountant in bankruptcy until 1 April 1986 under the provisions of the Bankruptcy (Scotland) Act 1913 and thereafter under the provisions of the Bankruptcy (Scotland) Act 1985 are as follows:

YearNumber of awards registered
1974104
1975148
1976128
1977132
1978130
1979105
1980151
1981185
1982217
1983280
1984296

Year

Number of awards registered

1985298
1986437
1987826
19881,420
19892,294

The 1985 Act introduced in Scotland provisions for the public funding of bankruptcies where there are insufficient assets in the bankrupt's estate to meet the expenses of sequestration. No such facility was available under the 1913 Act, and this is reflected in the increase in sequestrations registered from 1986 onwards.

To ask the Secretary of State for Scotland if he will list for each year since 1974 the total sum paid out of moneys provided by Parliament for remuneration for trustees in sequestration.

The remuneration from public funds of trustees in sequestration was introduced by provisions of the Bankruptcy (Scotland) Act 1985 which came into effect on 1 April 1986. Gross payments made these provisions to trustees are as follows:—

Financial YearGross Payments (£'000)
1986–8713
1987–88418
1988–892,415