Valid from 08/09/2003
(1)On hearing the petition for conversion of a trust deed into a sequestration the court may make such order as it thinks fit.
(2)If the court makes an order for conversion into sequestration the order may contain all such consequential provisions as the court deems necessary or desirable.
(3)Where the court makes an order for conversion into sequestration under sub-section (1) above, any expenses properly incurred as expenses of the administration of the trust deed in question shall be a first charge on the debtor’s estate.]
Textual Amendments
F1Ss. 59A-59C inserted (8.9.2003) by The Insolvency (Scotland) Regulations 2003 (S.I. 2003/2109), reg. 16