Bankruptcy (Scotland) Act 1985

4 Where a recommendation is made that the offer of composition should be placed before the creditors, the permanent trustee shall—

(a) intimate the recommendation to the debtor and record it in the sederunt book;

(b) publish in the Edinburgh Gazette a notice stating that an offer of composition has been made and where its terms may be inspected ;

(c) invite every creditor known to him to accept or reject the offer by completing a prescribed form sent by the permanent trustee with the invitation and returning the completed form to him ; and

(d) send along with the prescribed form a report—

(i) summarising the offer and the present state of the debtor's affairs and the progress in realising his estate ; and

(ii) estimating, if the offer is accepted, the expenses to be met in concluding the sequestration proceedings and the dividend which would be payable in respect of the ordinary debts if the rules set out in section 51 of, and Schedule 1 to, this Act were applied.