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Debtor Guide - Bankruptcy

This guide provides general advice on bankruptcy for people who have been made bankrupt

What are my responsibilities?

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.

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