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Register of Insolvencies

Register of Insolvencies

The register of insolvencies is a statutory register about the insolvency of individuals and businesses in Scotland.

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Debtor's Guide effective from 01 April 2008

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5.3 What happens to the money my trustee gathers in?

Your trustee will distribute the money gathered in. They will invite claims from all your creditors. Your trustee will deduct their fees and outlays and distribute any remaining funds to your creditors. Any payments, known as dividends, made to your creditors may not cover the full amount of the debt.

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Page updated: Wednesday, April 7, 2010