Notes for Guidance - Protected Trust Deeds - Bankruptcy (Scotland) Act 2016

With the exception of a single valuation of any specified heritable estate, a debt due to a third party (agent) for work completed prior to the granting of a trust deed, may not be claimed by the trustee as an outlay of the PTD, Section 183(6) of the 2016 Act refers. This applies regardless of when the invoice for this work is raised and submitted to the trustee, even if this is not until a date after the granting of the trust deed.