Trust Deeds
Trust Deeds
Bankruptcy (Scotland) Act 1985, Section 5, Paragraph 5(3)
Notice by the Trustee under Trust Deeds for the Benefit of Creditors
Trust Deeds for Creditors by
ALEXANDER ROBERT WILSON HARVISON AND MARIE HARVISON
Trust Deeds have been granted by Alexander Robert Wilson Harvison and Marie Harvison, residing at 41 Clarinda Court, Kirkintilloch, Glasgow G66 2SD, on 18 April 2005, conveying (to the extent specified in section 5(4A) of the Bankruptcy (Scotland) Act 1985) their estates to me, Ian William Wright, of Haines Watts, Chartered Accountants, James Miller House, 98 West George Street, Glasgow G2 1PJ, as Trustee for the benefit of their respective Creditors generally.
If a Creditor wishes to object to either 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 Deeds will become protected Trust Deeds 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 Deeds and do not wish to accede to them.
The effect of this is that paragraphs 6 and 7 of Schedule 5 to the Act will apply to the Trust Deeds. 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court decrees for unpaid debts) against the Debtors and confers certain protection upon the Trust Deeds from being superseded by the sequestration of the Debtors’ estates.
Ian W Wright, Trustee
Haines Watts, Chartered Accountants, James Miller House, 98 West George Street, Glasgow G2 1PJ.
5 May 2005.
