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

Notice of Trust Deed for the Benefit of Creditors by

David Jack Gibson & Ann Gibson

Trust Deeds have been granted by David Jack Gibson and Ann Gibson, both residing at 3 Woodhill Road, Kilmarnock KA3 1QN on 17th June 2004 conveying (to the extent specified in Section 5(4A) of the Bankruptcy (Scotland) Act 1985) their estate to me, Kenneth Wilson Pattullo, Insolvency Practitioner, Begbies Traynor (Scotland) LLP, 4th Floor, 78 St. Vincent Street, Glasgow, G2 5UB, as Trustee for the benefit of their 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: Each 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 each 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 deed. 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court decrees for unpaid debts) against the debtor and confers certain protection upon each trust deed from being superseded by the sequestration of the debtor’s estate.

Kenneth Wilson Pattullo, Trustee

Begbies Traynor (Scotland) LLP, 4th Floor, 78 St Vincent Street, Glasgow G2 5UB