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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

4.6 Secured creditors

Where the secured creditor(s) has agreed to the exclusion of the dwelling-house they will not be entitled to:

  • make a claim in respect of the secured debt
  • do diligence against assets covered by the trust deed
  • petition for the debtor’s sequestration
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