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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


Notes for Guidance of Trustees under Protected Trust Deeds

This guidance describes the general functions of the Accountant in Bankruptcy and trustees in relation to their responsibilities regarding protected trust deeds (PTDs) which were granted on or after 30 November 2016.

It also contains details of the legislation that applies to PTDs and provides details for trustees and their third party agents, of the processes and procedures that the Accountant in Bankruptcy considers should be applied during the administration of PTDs.

This guidance was first published on 30 November 2016.

Section 6.6 of these notes only applies to trust deeds granted on or after 1 July 2024. The legacy arrangements still apply to those protected before this date with the exception of protocol compliant trust deeds.

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