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Bankruptcy

Volume 173: debated on Tuesday 5 June 1990

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To ask the Secretary of State for Trade and Industry if he will take steps to increase from £750 the minimum level of debt in respect of which a creditor may in terms of the Bankruptcy (Scotland) Act 1985 petition for the sequestration of his debtor.

To ask the Secretary of State for Trade and Industry if he will instigate a review of all aspects of the scheme of payment from public funds to trustees in sequestrations under the provisions of the Bankruptcy (Scotland) Act.

Insolvency service officials are currently undertaking an evaluation of the Scottish bankruptcy system with particular regard to funding.