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The Coronavirus (Scotland) (No 2) Act 2020—impact on restructuring and insolvency

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Published on: 28 May 2020

Published by a LexisNexis Restructuring & Insolvency expert

Table of contents

What is the Coronavirus (Scotland) (No 2) Act 2020?
When did it come into force and how long will it be in operation?
What changes does the No 2 Act introduce?
What are the measures that will specifically impact the restructuring and insolvency profession?
Qualified creditors minimum debt level
Minimal Asset Process (MAP) application fee
Full bankruptcy application fee
Increase in MAP debt ceiling
DCO proposals
Electronic communications

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Article summary

Restructuring and Insolvency analysis: Written by Steven Wood, practice support specialist (insolvency) at ICAS.

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