Trust Deeds

Bankruptcy (Scotland) Act 1985: Schedule 5, Paragraph 5(3)

Notice of Trust Deeds for the Benefit of Creditors by

ALAN WHITE & MARY WHITE

Trust Deeds have been granted by Alan White and Mary White, residing at 20 Crawley Crescent, Springfield, Cupar KY15 5SF, on 1 June 2005, conveying (to the extent specified in section 5(4A) of the Bankruptcy (Scotland) Act 1985) their estate to me, Eric Robert Hugh Nisbet, Insolvency Practitioner, The Glen Drummond Partnership, 4 Turnbull Way, Knightsridge, Livingston EH54 8RB, as Trustee for the benefit of their Creditors generally.

If a Creditor wishes to object to the Trust Deeds for the purposes of preventing them becoming protected Trust Deeds (see notes on the objections required for that purpose) notification of such objections 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 from 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 it.

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court decrees for unpaid debts) against the Debtor and confers certain protection upon the Trust Deeds from being superseded by the sequestration of the Debtor’s estate.

Eric R H Nisbet, Trustee

The Glen Drummond Partnership, Corporate Recovery & Insolvency Services, 4 Turnbull Way, Knightsridge, Livingston EH54 8RB.