Debtor's Guide effective from 01 April 2008 - Page 2

Introduction

If you have been made bankrupt or your creditors have taken action to make you bankrupt before 1 April 2008 you should refer to the Accountant in Bankruptcy (AiB) publication, AiB 1 - Debtor's Guide.

This booklet is intended for:

• People whose creditors are taking action to recover the money owed. Creditors are people you owe money to. This action may include taking steps to make you bankrupt.
• People who have been made bankrupt by their creditors.
• People who cannot pay their debts and are considering making themselves bankrupt.

It is a serious matter if you do not pay what you owe. If you have debts that you are unable to pay you can get advice on bankruptcy and alternatives from money advisers or solicitors. Money Advice Scotland and Citizens Advice Scotland offer free impartial advice. Further information on some alternatives to bankruptcy is also included later in this booklet.

The relevant legislation ist he Bankruptcy (Scotland) Act 1985, as amended. All bankruptcy related legislation and publications are available on the Accountant in Bankruptcy wevsite at www.aib.gov.uk.