Home Owner and Debtor Protection (Scotland) Bill
15/02/2010
Homeowners faced with repossession will be given greater protection under the Home Owner and Debtor Protection (Scotland) Bill, approved unanimously by MSPs in Parliament on Thursday 11 February.
The Bill, intended to meet the needs of debtors faced with the threat of homelessness in relation to repossession, bankruptcy and Protected Trust Deeds, was met with welcome cross-party support and backing from Scotland's debt service organisations.
Marking the major effort of all concerned to bring about this necessary response to the real problems faced by debtors, Rosemary Winter-Scott, The Accountant in Bankruptcy and Agency Chief Executive, applauded the positive outcome to this collaborative effort:
"There is no doubt that today's result will mark a huge leap forward in creating the right package of debt solutions to meet people's needs in these difficult times."