(1) A person who makes a claim against any money, goods or chattels seized or about to be seized by the sheriff must give written notice to the sheriff.
(2) The notice must —
(a) give that person's name and address for service;
(b) identify the money, goods or chattels claimed; and
(c) set out the grounds of the claim.
(3) Forthwith on receipt of the claim the sheriff must give written notice to the judgment creditor.
(4) Within 7 days after receiving the notice the judgment creditor must give notice to the sheriff admitting or disputing the claim.
(5) If the judgment creditor gives notice admitting the claim, the —
(a) judgment creditor is liable only for the fees and expenses of the sheriff incurred before the sheriff receives the notice;
(b) sheriff must withdraw from possession of the money, goods or chattels; and
(c) sheriff may apply to the court for an order restraining any claim being brought in respect of having taken possession of the money, goods or chattels.
(6) If the judgment creditor gives notice disputing the claim, or fails to give notice and the claim is not withdrawn, the sheriff may apply to the court for relief under this Part.