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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


5.9 Preferred debts

Any debt that would be preferred under the 2016 Act in a bankruptcy should be treated as preferred under a PTD, so that the PTD does not prejudice the interest of any class of creditors.

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