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

Accounts should be submitted using the BASYS system. Please refer to the trustee user guide for further guidance.

The accounts team must issue a determination fixing the fees and outlays of the trustee within six weeks of the end of the accounting period.

When it is not possible for the team to determine the accounts within the six week period, for reasons which are the team’s responsibility, they may cure a defect in procedure without an application under Section 212(1) of the Act.

Once the team has issued a determination fixing the trustee’s fees and approving the outlays the trustee becomes immediately liable for all statutory fees relevant to that determination.