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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

4.1 Application for bankruptcy

From the date on which the trust deed becomes protected, until the date of termination of the trust deed, the debtor cannot apply for their own bankruptcy (sequestration). See section 172(1)(b) of the 2016 Act.

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