Heritable Property in Scottish Personal Insolvency
This course covers the powers of the trustee, debtor and lender in relation to heritable property, the difficulties of dealing with it, and practical realisation strategies.
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: £310 + VAT per delegate
50% reduction for third delegate booking the course.
What our clients say
"Extremely useful!"