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

8.1 Effect of a DCO

The debtor must pay the contribution:

at the amount set by the Accountant (if not nil)
at the amount as varied in accordance with section 95 of the Act (if not nil)
irrespective of their discharge

The DCO will cease to have effect if the trustee ingathers sufficient assets, or income, to meet the distribution in full under section 129 of the Act.

First published: Monday, 1 November 2021
Last updated: Thursday, 18 April 2024 - show all updates
All updates: Thursday, 18 April 2024
Supporting document added to website

Monday, 29 January 2024
Published on website

Saturday, 1 October 2022
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

Monday, 1 November 2021
Published

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Information

8.1 Effect of a DCO

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