TRUST DEED (PROPOSED PROTECTED) OF
WILLIAM QUARM
PROPOSED SCHEME OF DIVISION
£ £ £
Anticipated Receipts
Endowment Policies 12,970
4/2 Share Interest in Assets of The Firm of WJ & Anne Quarm 80,750
Total-Anticipated Receipts 93,720
Less: Anticipated Expenditure
Administration Costs (VAT inclusive)
Trustee's Fee 44113
Trustee’s Outlays
~ Specific Penalty Bond 45
- Registers of Scotland 54
- Edinburgh Gazette 44
~ Property:and Personal Search 44
- Disbursements (postage, stationery,
telephone calls etc.) 418
~ Registration of Trust Deed 34
309
4,422)
Available for Distribution 89,299
—
Proposed Level of Dividend: 39:79p
NOTES +
Trustee's remuneration is based on current expectations and will be drawn, with authority, during the
coutse of the Trust Deed. Fees will be commensurate with work carried out and may exceed
current expectations should complications develop
ln-terms of Schedule 5 of the Bankruptcy (Scotland) Act 1985 (as amended), ‘a ‘creditor has the right
to have the Trustee's remuneration fixed-and his ‘accounts audited:by the Accountant in ‘Bankruptcy,
The tee for carrying out this work is 5% of the ‘Trustee's rernuneration, which will ultimately reduce
the amount available for payment of a-dividend.
iS
3. “The debtor is unable at present to maintain a-contribution-from income. The return’to creditors is-based on asset
realisations.
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