The Bankruptcy & Debt Advice (Scotland) Act 2014 came into force today on 1 April 2015, introducing, in the Scottish Government's own words, "one of the most modern systems of debt advice and debt management in the world."
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The Insolvency (Scotland) Amendment Rules 2014 (the "2014 Rules") came into force on 30 May 2014 and are applicable to cases where a receiver is appointed, a resolution for the winding up of a company is passed, a petition for liquidation is lodged or an application for the appointment of a provisional liquidator is made on or after 30 May 2014.
The R3 Scottish Women in Insolvency Group (SWIG), chaired by Deloitte’s Judith Howson, will bring together two leading opinion formers from Scotland’s insolvency and finance sectors, at its latest event on the 1 November 2012.
Survivorship clauses (or special destination clauses) are conditions that commonly appear in the title of property held by two or more people, usually spouses. They are generally worded " the property is disponed to X and Y, equally between them, and to the survivor (or survivors) of them".
For actions of division and sale lodged on or after 28 November 2011, it is worth noting the new rules in the Act of Sederunt (Sheriff Court Ordinary Cause Rules) 1993 no.1956 (s.223), Schedule 1, Chapter 47.