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

This guidance describes the general functions of Accountant in Bankruptcy, interim trustees, trustees and commissioners in relation to their responsibilities regarding bankruptcies which started on or after 30 November 2016.

13.3 Accounting periods after the appointment of a replacement trustee under Section 60 of the Act

The current accounting period will be amended between the former and replacement trustee from the date of the meeting of creditors when the replacement trustee was elected.

The former trustee should submit their accounts for audit within three months of the appointment of the replacement trustee.

The replacement trustee will submit their accounts from the date of the meeting to the current end date.

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