Debtor Guide - Bankruptcy

It is important you understand your responsibilities. These are some of the things you must and must not do. 

You must:

• always co-operate with your trustee
• keep your trustee informed of any changes in your circumstances, for example, if you move house or if your financial circumstances change

You must not:

• get credit for goods or services for more than £2,000 from any lender or supplier without telling them that you are bankrupt. You may be guilty of a criminal offence if you do not tell them about the bankruptcy
• start up a limited company or be involved in the day-to-day management of a limited company
• act as a member of the Scottish or Westminster Parliaments, as a member of any local council, a Justice of the Peace, or a member of a school board

This is not a complete list of your responsibilities. Your trustee will tell you exactly what is expected of you.

If you do not comply with your responsibilities, you may be committing a criminal offence under the Bankruptcy (Scotland) Act 2016 and your trustee may report you to the Procurator Fiscal.