Publication Date: Friday, 3 September 2010
Notice Code: 2518
Trust Deeds
Protected Trust Deeds (Scotland) Regulations 2008, regulation 7
Notice of Trust Deed for the Benefit of Creditors by
Susan Watson
A Trust Deed has been granted by Susan Watson, 111 Ivanhoe Drive, Glenrothes, Fife KY6 2NE, on 25 August 2010, conveying (to
the extent specified in section 5(4A) of the Bankruptcy (Scotland) Act 1985) her estate to me, Gordon Chalmers, of Wylie &
Bisset LLP, 168 Bath Street, Glasgow G2 4TP, 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
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 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for unpaid debts) against the Debtors and confers certain protection upon the Trust Deed from being superseded by the sequestration
of the Debtor’s estates.
Gordon Chalmers, Trustee
26 August 2010.
(393)
