We use cookies to collect anonymous data to help us improve your site browsing experience.

Click 'Accept all cookies' to agree to all cookies that collect anonymous data. To only allow the cookies that make the site work, click 'Use essential cookies only.' Visit 'Set cookie preferences' to control specific cookies.

Set cookie preferences

Your cookie preferences have been saved. You can change your cookie settings at any time.

Accountant in Bankruptcy

beta This is a new service. Your feedback will help us to improve it.

Publication - Notes for Guidance

Notes for Guidance - Bankruptcy (Scotland) Act 2016 (as amended)

First published
1 November 2021
Last updated
18 April 2024 - see all updates
Topic
Bankruptcy

This guidance describes the general functions of Accountant in Bankruptcy, interim trustees, trustees and commissioners in relation to their responsibilities regarding bankruptcies which started on or after 30 November 2016.

Supporting documents

16.2 Expectations of the Accountant

The trustee must consider early into the debtor’s bankruptcy if there are grounds to consider making a BRO investigation application. If there are, the trustee must proceed to gather evidence of the suspected misbehaviour and submit a request for an investigation within eight months of the date of the award.

If an application is being considered the trustee must ensure that the debtor has been made aware of and understands their responsibilities.

It is recommended that AiB’s Bankruptcy Restrictions Guide is made available to the debtor when a BRO application is being considered by BRT.

First published
Monday, 1 November 2021
Last updated
Thursday, 18 April 2024 -
All updates

  1. Supporting document added to website

  2. Published on website

  3. Amended sections 2.2, 12.7.2, 12.8.2, 13.6, 13.9, 13.12, 13.13, 13.14, 16.5, 18.5.1

  4. Published

Back to top