Committee recommends law on land attachment should exclude 'main dwellings'
A debtor's home should not be used to settle unsecured debts states a report published today by the Enterprise and Culture Committee on the Scottish Executive's Bankruptcy and Diligence etc. (Scotland) Bill.
The Bill is intended to tackle Scotland's growing debt problem and proposes a number of measures aimed at modernising the law and striking a better balance between creditors and debtors including reducing the bankruptcy period from three years to one year.
One of the proposals in the Bill is to create ‘Land Attachment' which would enable a creditor to apply for a court process to sell a debtor's property if £1500 or more is owed. The Enterprise and Culture Committee wants to make sure that this stops short of making people homeless.
Hopefully they will see sense before this bill becomes law..............