Trust Deeds
Trust Deeds
Protected Trust Deeds (Scotland) Regulations 2008, regulation 7
Notice of Trust Deed for the Benefit of Creditors by
IVANA MORTON
(also known as Miele)
A Trust Deed has been granted by Ivana Morton also known as Miele residing at F1/2 17 Bellevue Crescent, Edinburgh EH3 6NE and formerly residing at 8/2 Hillside Street, Edinburgh EH7 5HB on 18 March 2009, conveying (to the extent specified in section 5(4A) in the Bankruptcy (Scotland) Act 1985) her estate to me, Susan Clay of Philip Gill & Co, Enterprise House, Southbank Business Park, Glasgow G66 1XQ as Trustee for the benefit of her 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 on the objections required for the 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 it.
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court decrees for unpaid debts) against the debtor and confers certain protection upon the trust deed from being superseded by the sequestration of the debtor’s estate.
Susan Clay, Trustee
Philip Gill & Co, Enterprise House, Southbank Business Park, Glasgow G66 1XQ.
23 March 2009.