Evictions from properties have been suspended as a result of the coronavirus pandemic by the government body that handles bankruptcies in Scotland.
The Accountant in Bankruptcy (AiB) said it has also suspended sales of properties until further notice.
The move is part of emergency measures being introduced by the Scottish Government agency in response to the COVID-19 outbreak.
READ MORE: Hospitality group G1 drops job cut plan
The AiBi is seeking to simplify the procedures for those seeking to become bankrupt, with greater flexibility also promised for those who need more time to pay back cash owed through a Debt Arrangement Scheme.
AiB deals with approximately 80% of bankruptcy cases in Scotland and it has urged other trustees to show similar leniency and flexibility.
READ MORE: Scottish Government unable to guarantee all teachers will be paid
Scottish business minister Jamie Hepburn welcomed the new measures, saying: “This pandemic will have severe economic consequences and we are treating it as an economic emergency, affecting everyone from the largest conglomerates to small businesses and individuals.
“The Scottish Government is working hard to respond to this and we’ve announced a £2.2 billion package of measures to support businesses.
“We’re asking banks, insurance companies and our own departments to be flexible and compassionate wherever possible, including offering mortgage holidays and extending timescales for those in persistent credit card debt.
“This will help reduce the pressure on individuals facing financial difficulties caused or made worse by the current crisis, and we are actively considering what more we can do to help.”
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereLast Updated:
Report this comment Cancel