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Accountant in Bankruptcy
Publication - Guidance

Bankruptcy information document

First published
15 July 2026
Last updated
13 October 2026 - see all updates
Topic
Bankruptcy

Key facts about personal bankruptcy in Scotland

Supporting document

Note: downloadable PDF of bankruptcy information document

What happens after my discharge?

After your discharge, your bankruptcy is not finished. You must continue to cooperate with your trustee until they confirm all matters are resolved.

Any money collected during your bankruptcy is used to pay:

  • administration costs
  • trustee fees
  • the people you owe money to (creditors)

Your trustee will let you know when your case is ready to be closed. Depending on how complicated your case is, this may take some time.

First published
Wednesday, 15 July 2026
Last updated
Tuesday, 13 October 2026 -
All updates

  1. updated to include video link and qr code.

  2. Published on website

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