Publication - Notes for Guidance
Notes for Guidance - Protected Trust Deeds - Bankruptcy (Scotland) Act 2016
- First published
- 30 November 2016
- Last updated
- 19 April 2024 - see all updates
- Topic
- Protected Trust Deeds
This guidance describes the general functions of Accountant in Bankruptcy and trustees in relation to their responsibilities regarding protected trust deeds (PTDs) which were granted on or after 30 November 2016
Contents
Notes for Guidance of Trustees under Protected Trust Deeds
1. General principles
2. Preparation of trust deeds
- 2. Preparation of trust deeds
- 2.1 Who can grant a trust deed
- 2.2 Initial contact
- 2.3 Pre-trust deed work by third party agents
- 2.4 Advice to debtors
- 2.5 Debt Advice and Information Package
- 2.6 Liabilities
- 2.7 Assets
- 2.8 Exclusion of a dwelling-house from a trust deed
- 2.9 Agreement in respect of a heritable property
- 2.10 Contributions
- 2.11 Time to think
- 2.12 Contributions paid by an employer
3. Dissemination to creditors
4. Effects of protection
5. Administration
- 5. Administration
- 5.1 Contributions
- 5.2 Assets
- 5.3 Powers relating to Section 113 of the Bankruptcy (Scotland) Act 2016
- 5.4 Unfair preferences etc
- 5.5 Claims
- 5.6 Dividend payments
- 5.7 Fee payable to the trustee
- 5.8 Increasing the trustee’s fixed fee
- 5.9 Preferred debts
- 5.10 Lloyd’s insurance debts
- 5.11 Supply of utilities to a business
- 5.12 Accounting intervals
- 5.13 Retention of documents
- 5.14 Change of trustee
- 5.15 Power to cure defects
- 5.16 Electronic delivery of forms and notices
6. Audit
7. Supervision of Protected Trust Deeds
8. Debtor's discharge
9. Trustee's discharge
- First published
- Wednesday, 30 November 2016
- Last updated
- Friday, 19 April 2024 - show all updates
- All updates
-
-
Update to section 5.1 - Contributions to reflect recent change to Common Financial Statement registration.
-
Supporting document published on website
-
Published on website
-
Amended - PTD Protocol
-
Amended
-
First published
-
There is a problem
Thanks for your feedback