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Notes for Guidance - Protected Trust Deeds - Bankruptcy (Scotland) Act 2016

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

1.4 Trustees under PTDs

The trustee must be a person who is qualified to act as an insolvency practitioner.  Rules on the qualifications of insolvency practitioner are set out in Section 390 of the Insolvency Act 1986.

The trustee must not hold an interest opposed to the general interest of the debtor’s creditors.

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