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The Protected Trust Deeds (Scotland) Regulations 2013

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Draft Legislation:

This is a draft item of legislation and has not yet been made as a Scottish Statutory Instrument. This draft has been replaced by a new draft, The Protected Trust Deeds (Scotland) Regulations 2013 ISBN 978-0-11-102156-9

  1. Introductory Text

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    PART 1 GENERAL

    1. 1.Citation and commencement

    2. 2.Interpretation

    3. 3.Protected status

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    PART 2 CONDITIONS OF PROTECTION

    1. 4.The debtor

    2. 5.The trustee

    3. 6.Exclusion of a secured creditor

    4. 7.Statements in relation to trust deed

    5. 8.Payment of debtor’s contribution

    6. 9.Notice in the register of insolvencies

    7. 10.Documents to be sent to creditors

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    PART 3 REGISTRATION AND EFFECT OF PROTECTION

    1. 11.Registration of the trust deed etc.

    2. 12.Effect of protected status

    3. 13.Effect of protected status on diligence against earnings

    4. 14.Deductions from debtor’s earnings

    5. 15.Agreement in respect of debtor’s heritable property

    6. 16.Dividend payments

    7. 17.Sequestration petition by qualified creditor

    8. 18.Creditor’s application as respects intromissions of trustee

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    PART 4 ADMINISTRATION, ACCOUNTING AND DISCHARGE

    1. 19.Directions to trustee under protected trust deed

    2. 20.Information and notification obligations of trustee under protected trust deed

    3. 21.Administration of trust under protected trust deed

    4. 22.Retention of documents by trustee under protected trust deed

    5. 23.Remuneration payable to trustee under protected trust deed

    6. 24.Discharge of debtor

    7. 25.Discharge of trustee

    8. 26.Electronic delivery of notices etc.

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    PART 5 APPEALS AND DIRECTIONS

    1. 27.Appeal

    2. 28.Sheriff’s direction

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    PART 6 FEES AMENDMENTS, REVOCATIONS, SAVINGS AND TRANSITIONALS

    1. 29.Amendment of the Bankruptcy Fees etc. (Scotland) Regulations 2012

    2. 30.Revocation

    3. 31.Saving and transitional

  8. Signature

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      SCHEDULE

      LIST OF FORMS TO BE USED IN CONNECTION WITH PROTECTED TRUST DEEDS

  9. Explanatory Note

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