SCHEDULES
C1 SCHEDULE 5 Voluntary Trust Deeds for Creditors
Annotations:
Modifications etc. (not altering text)
Protected trust deeds
F16
Where the provisions of paragraph 5 of this Schedule have been fulfilled, then—
F2a
subject to paragraph 7 of this Schedule, a creditor who has—
i
not been sent a copy of the notice as mentioned in paragraph 5(1)(c) above; or
ii
notified the trustee of his objection to the trust deed as mentioned in paragraph 5(1)(d) above,
shall have no higher right to recover his debt than a creditor who has acceded to the trust deed;
b
the debtor may not petition for the sequestration of his estate while the trust deed subsists.
Sch. 5 modified (10.8.2005) by The Insurers (Reorganisation and Winding Up) Regulations 2004 (S.I. 2004/353), reg. 33(7) (as amended by The Insurers (Reorganisation and Winding Up) (Lloyd's) Regulations 2005 (S.I. 2005/1998), reg. 40(11)