Table 2IssueRecommendationRole of the Protected Trust Deed protocol (voluntary protocol set up by the Accountant in Bankruptcy, covering the vast majority of PTDs)The protocol was introduced to address some of the concerns about the use of PTDs - agreed that it should be allowed to run for a reasonable period to measure its impactOutcome: The Scottish Government intends to put some aspects of the protocol into legislation.Appropriate restrictions on entering a PTD - e.g. increased minimum debt levelNo consensus reached.Introduction of an additional statutory debt solutionAgreed that this was for consideration at stage 3 of the review.Creation of an information leaflet about the benefits and risks of entering a PTDAgreed that an easy to understand leaflet would be helpful; draft text provided.Requirement for advice from a free sector money adviser before entering a PTDAgreed that provision of good advice before entering a PTD was important, but it was unlikely to be feasible for this to be provided by the free sector.Create a cooling-off period before a PTD comes into effectAgreed this would be too difficult to achieve in the current legal frameworkOutcome: this issue will be considered at stage 3.Options for ending a PTD early - e.g. where a debtor's circumstances have changed so they can no longer make paymentsAgreed that the law should be changed to create several new...