Notes for Guidance - Bankruptcy (Scotland) Act 2016 (as amended)

The trustee is required to make up accounts in respect of each accounting period with the first period in every case being for 12 months commencing with the date of award of bankruptcy.

When the trustee was initially appointed as interim trustee and appointed trustee on award of bankruptcy, the first accounting period will commence from the date of their appointment as interim trustee and end one year after the date of award of bankruptcy.

Subsequent accounting periods must also be for periods of 12 months, beginning with the day after the end date of the previous accounting period.