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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

9.6 Creditor's application

If a non-acceding creditor or a non-notified creditor believes that the way the trustee has collected and distributed the debtor’s estate is unfair, they can apply to a sheriff on the grounds that it is unduly prejudicial.  See section 178 of the 2016 Act.

If the sheriff grants the creditor’s application, AiB will record the order in the ROI and the trustee will be liable to that creditor.

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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