Act of Sederunt (Rules of the Court of Session 1994) 1994

Procedure where there are creditors

61.24.—(1) Where claims are lodged, the judicial factor shall–

(a)where funds remain available for division after payment of the claims referred to in rule 61.23(2), prepare a state of funds and scheme of division amongst the creditors; or

(b)where no such funds remain after payment of those claims, prepare a state of funds only.

(2) The judicial factor shall–

(a)lodge with the Accountant of Court–

(i)the state of funds and any scheme of division,

(ii)all relevant writings and documents; and

(b)provide the Accountant of Court with such explanations as he may require.

(3) The Accountant of Court shall prepare a written report on the state of funds and any scheme of division containing such observations as he thinks fit for consideration by the court.

(4) The Accountant of Court shall issue the report under paragraph (3) to the judicial factor.