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Heritable Property in Scottish Personal Insolvency

The technical framework for dealing with heritable property in sequestrations and protected trust deeds is pretty straightforward, but it is an increasingly difficult issue to resolve in practice. How best to get a return for creditors from a property, while treating the debtor and their family fairly? What rights does a secured lender have, and how do you work with them to achieve the best outcome for all? Just how much is ‘substantial equity’ and how should you treat it?

Description

The technical framework for dealing with heritable property in sequestrations and protected trust deeds is pretty straightforward, but it is an increasingly difficult issue to resolve in practice. How best to get a return for creditors from a property, while treating the debtor and their family fairly? What rights does a secured lender have, and how do you work with them to achieve the best outcome for all? Just how much is ‘substantial equity’ and how should you treat it?

This course will also look at issues arising from buy to let properties, responsibility for council tax, and secured lender rights on insolvency.

CPD Learning Outcomes

  • The powers of the trustee, debtor and lender in relation to heritable property
  • A comprehensive look at some of the difficulties of dealing with property including buy to let, factors and statutory notices.
  • Practical strategies for realisation

Who Should Attend

This course is suitable for experienced IPs looking for an update and a fresh approach to case issues, as well as staff who would benefit from an in depth introduction or refresher to the issue of heritable property.

Cost

Full day course: £295 + VAT

What our clients say

"Extremely useful!"

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