PART 14

Voluntary trust deeds for creditors

Administration, accounting and discharge

Information and notification obligations of trustee under protected trust deed
180
1
Where the trustee under a protected trust deed makes a determination to shorten or lengthen the payment period by virtue of section 168, the trustee must without delay notify the debtor accordingly.
2
Whether or not still acting in the administration of the trust under a protected trust deed, the trustee must supply AiB with such information relating to the trust deed as AiB considers necessary to enable AiB to discharge AiB's functions under this Act.
3
If it appears to AiB that the trustee has failed, without reasonable excuse, to supply information to AiB which is requested in accordance with subsection (2), AiB may report the matter to the sheriff who, after hearing the trustee on the matter, may—
a
censure the trustee, or
b
make such other order as the circumstances of the case require.
4
On the trustee under a protected trust deed being replaced with a new trustee, the new trustee must without delay notify AiB accordingly.