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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.

13.8 Audit and determination of accounts by the Accountant

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.

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