Trust Deeds
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- Notice category:
- Personal Insolvency
- Notice type:
- Trust Deeds
- Publication date:
- Edition:
- Edinburgh
- Issue number:
- 27031
- Notice ID:
- E-27031-190
- Notice code:
- 2518
Protected Trust Deeds (Scotland) Regulations 2008, regulation 7
Notice of Trust Deed for the Benefit of Creditors by
Brian Morgan
A Trust Deed has been granted by Brian Morgan, 32 Allardyce Crescent, Aberlour, Banffshire, AB38 9PQ, on 5 December 2011, conveying (to the extent specified in section 5(4A) in the Bankruptcy (Scotland) Act 1985) his estate to me, Dean A Smith, National House, 80-82 Wellington Road North, Stockport SK4 1HW, as Trustee for the benefit of his Creditors generally.
If a Creditor wishes to object to the Trust Deed for the purposes of preventing it becoming a Protected Trust Deed (see notes below on the objections required for that purpose) notification of such objection must be delivered in writing to the Trustee within 5 weeks of the date of the publication of this notice in The Edinburgh Gazette .
Notes: The Trust Deed may become a Protected Trust Deed unless within the period of 5 weeks of the date of publication of this notice in The Edinburgh Gazette a majority in number or not less than one third in value of the Creditors notify the Trustee in writing that they object to the Trust Deed and do not wish to accede to them.
Briefly, this has the effect of restricting the rights of non-acceding Creditors to do diligence (ie to enforce court decrees for unpaid debts) against the Debtor and confers certain protection upon the Trust Deed from being superseded by the sequestration of the Debtor’s estate.
Dean A Smith, MABRP, Trustee
National House, 80-82 Wellington Road North, Stockport SK4 1HW.
14 December 2011.