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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


4.3 Time to pay

A time to pay direction or a time to pay order ceases to have effect from the date on which the trust deed was granted, see Section 12 of the Debtors (Scotland) Act 1987.

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