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Scottish consultation on BDA(S)A 2014 reveals concerns with legislation

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Published on: 07 October 2020

Published by LNB News

LNB News 07/10/2020

Document Information

Issue Date: 07 October 2020

Published Date: 07 October 2020

Jurisdiction(s): Scotland

Article summary

The Scottish Government has published the responses received to its consultation concerning the ‘review of Bankruptcy and Debt Advice (Scotland) Act 2014,’ (BDA(S)A 2014) which was launched in November 2019 and aimed to review the legislative amendments which came into effect on 1 April 2015. The majority of respondents (69%) believe the current six-week period of protection under the moratorium process is insufficient, with 50% stating that a 12-week period would be more sufficient. Additionally, 65% of respondents believe that ‘interest, defaults fees and charges should be frozen during the moratorium period’.

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