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Accountant in Bankruptcy

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Publication - Notes for Guidance

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

First published
30 November 2016
Last updated
19 April 2024 - see all updates
Topic
Protected Trust Deeds

This guidance describes the general functions of Accountant in Bankruptcy and trustees in relation to their responsibilities regarding protected trust deeds (PTDs) which were granted on or after 30 November 2016

Supporting documents

4.7 Petition by the trustee

The trustee can petition a sheriff for a debtor to be made bankrupt under section 2(1)(b)(iv) of the 2016 Act if:

  • the debtor has failed to comply with an obligation under the trust deed
  • a reasonable requirement or instruction of the trustee
  • the trustee avers that bankruptcy is in the best interest of creditors
First published
Wednesday, 30 November 2016
Last updated
Friday, 19 April 2024 -
All updates

  1. Update to section 5.1 - Contributions to reflect recent change to Common Financial Statement registration.

  2. Supporting document published on website

  3. Published on website

  4. Amended - PTD Protocol

  5. Amended

  6. First published

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