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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.

15.3 Application process

The request should be made in writing to the BAD team providing:

  • details of the newly identified asset
  • the estimated value of the asset
  • the reason why it should have formed part of the estate
  • the reason why the asset was not realised prior to the trustee’s discharge
  • the estimated outlays and remuneration that will be incurred by the trustee to carry out all their necessary duties if they are appointed
  • the estimated dividend that will be paid to creditors if they are appointed
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