SCHEDULES

SCHEDULE 4 Discharge on Composition

7

1

The sheriff shall, on the receipt by him of the documents mentioned in paragraph 6 of this Schedule, fix a date and time for a hearing to consider whether or not to approve the offer of composition.

2

The permanent trustee shall then send to every creditor known to him a notice in writing stating—

a

that he has determined that the creditors have accepted the offer of composition;

b

that a hearing has been fixed by the sheriff to consider whether or not to approve the offer;

c

the place, date and time of the hearing; and

d

that the recipient of the notice may make representations at the hearing as to whether or not the offer of composition should be approved.