Trust Deeds
PROTECTED TRUST DEEDS (SCOTLAND) REGULATIONS 2008, REGULATION 7 NOTICE OF TRUST DEED FOR THE BENEFIT OF CREDITORS BY KEVIN JOHN WITHERSPOON
NOTICE BY TRUSTEE UNDER A TRUST DEED FOR THE BENEFIT OF HIS CREDITORS
Trust Deed for Creditors by
Kevin John Witherspoon
residing at 1B Ravelston Place, Edinburgh, EH4 3DT
A Trust Deed has been granted by Kevin John Witherspoon, residing at 1B Ravelston Place, Edinburgh, EH4 3DT, on 25 November 2011 conveying to the extent specified in Section 5(4A) of the Bankruptcy (Scotland) Act 1985 his estate to Kenneth Robert Craig, as Trustee for the benefit of his creditors generally. I, Alexander Iain Fraser was subsequently appointed Trustee on 9 May 2013 by Deed of Assumption and Conveyance.
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 publication of this Notice in the Edinburgh Gazette.
Notes:
The Trust Deed will 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court decrees for unpaid debts) against the Debtor and confers certain protection upon the Trust Deed from being superseded by the sequestration of the Debtor’s estate.
A I Fraser
Trustee
Suite 2B, Johnstone House
52-54 Rose Street
Aberdeen
AB10 1UD
