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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


8.3 Reversion

The remaining funds should revert to the debtor if:

  • the debtor is discharged and the final distribution made
  • the trustee is satisfied that all known creditors who were entitled to claim have submitted a valid claim, or following an appropriate reminder have declined to submit a claim
  • funds remain in the estate after the full payment of remuneration and claims
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