Voluntary trust deeds for creditors

59AF2Petition for conversion into sequestration

1

Where a member State liquidator proposes to petition the F1sheriff for the conversion under Article 37 of the EC Regulation (conversion of earlier proceedings) of a protected trust deed into sequestration, an affidavit complying with section 59B of this Act must be prepared and sworn, and lodged in court in support of the petition.

2

The petition and the affidavit required under subsection (1) above shall be served upon–

a

the debtor;

b

the trustee;

c

such other person as may be prescribed.