Bankruptcy (Scotland) Act 2016 (asp 21)

PART 14 S Voluntary trust deeds for creditors

[F1 Removal of protected status where material error or irregularity S

Textual Amendments

F1 Ss. 171A-171C and cross-heading inserted (1.7.2024) by The Protected Trust Deeds (Miscellaneous Amendment) (Scotland) Regulations 2024 (S.S.I. 2024/198), regs. 1(1), 3(3)

171C Effect of removal of protected status S

A trust deed ceasing to have protected status by virtue of a decision under section 171A is not to—

(a) invalidate any acts of the trustee between the date the trust deed was registered and the date a decision under section 171A takes effect,

(b) prevent the trust deed from re-attaining protected status provided the conditions in sections 164-170, so far as applicable, are met, or

(c) prevent the debtor from—

(i) making a debtor application under section 2 or, as the case may be, 6,

(ii) applying for a moratorium under section 195 or, as the case may be, 196,

(iii) applying for a debt payment programme within the meaning of section 2 of the 2002 Act.]