Helping individuals with financial planning
Tom Smith, a financial advisor needing personal debt advice – Insolvency is very heavily governed in statute, but it is a fair process. We have been involved with many individuals, but one in particular required some planning prior to the insolvency event. Due to some historic dealings, including buying a badly run property portfolio on behalf of a third party, this wealth manager faced mortgage shortfalls in the hundreds of thousands. Due to his work, a careful solution had to be thought through.
At Middlebrooks we present all options available, it is up to the individual to choose which suits their particular set of circumstances – this person opted to sign a Trust Deed. We also made use of a type of Trust Deed which can exclude the family home from the estate. As a result of this action, he avoided sequestration which would have been the end of his income as a financial planner.
Call us on 0131 297 7899 to find out how we could help you.