PART 2CONDITIONS OF PROTECTION
The debtor4
1
The debtor who grants the trust deed must do so for a single estate and must be—
a
a living individual;
b
a partnership;
c
a limited partnership (within the meaning of the Limited Partnerships Act 19076);
d
a trust;
e
a corporate body; or
f
an unincorporated body of persons.
2
The debtor must not be—
a
a debtor whose estate has been sequestrated and the trustee in the sequestration has not been discharged under section 57 or 58A7 of the Act; or
b
an entity referred to in section 6(2) of the Act.
3
The total amount of the debtor’s debts (including interest) at the date on which the debtor grants the trust deed must be not less than £5,000.