| Description | This consultation on the draft regulations reforming the way that protected trust deeds operate follows on from the Bankruptcy and Diligence consultation issued in July 2004.
The main areas of reform are ensuring a greater return for creditors, improved monitoring and supervision and clearer guidelines on debtors' contributions and trustees' fees and outlays.
The Accountant in Bankruptcy will have a more involved role in supervision of protected trust deeds and auditing of accounts. |
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| ISBN | 0-7559-4825-4 |
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| Official Print Publication Date | January 2006 |
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| Website Publication Date | January 20, 2006 |
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ISBN 0 7559 4825 4
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Contents
Covering letter
Ministerial foreword
How to respond
Response Form MSWord Format (44k)
Executive summary
1. Background: integrated debt management
2. Trust deeds, and protecting them
3. The case for reform
4. The test for protection
5. Oversight and audit
Annex A: Documents to be kept by the trustee in a protected trust deed
Annex B: Draft Regulations
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