POL00166733
POL00166733
‘TRUST -DEED.(PROPOSED PROTECTED) OF WILLIAM.QUARM
STATEMENT OF AFFAIRS AS-AT § SEPTEMBER:2008 (DATE.OF TRUST DEED)
Notes £ £
ASSETS
Endowment Policies
a) Phoenix 1 3.350
Estimated Valueto Estate 4,675
-b) Phoenix 22,591
‘Estimated Value'to Estate 44,295
1/2 Share Interest In-Assets of The Firm of WiJ& Anne Quarm 2 80,750
“TOTAL:FREE ASSETS 93,720
LIABILITIES
Ordinary Creditors
Personal 3
‘Blackhorse Finance 3,000
Bank of Scotland -.Joint Loan 18.839 21,839
Partnership Creditors 4
Partner Liability for‘partnership deficit relating to Firm of Bayhead 218,653
TOTAL:ESTIMATED ‘DEFICIT
ZNOTES
4. The aforementioned endowment policies are in-the joint name-of William and Anne Quarm.
The Trustee has.been advised by-the:couple's financial advisor that the policies acquire the:stated surrender values but
confirmation of the ‘same is tequired fromthe policy provider.
2. William Quarm ‘is a:partner ‘in the Firm of. Wd & Anne.Quarm. His half.share interest in partnership:assets have been
allocated against his ‘individual-estate,
3, Creditors should note:that the inclusion of-any:debt'in:the statement of affairs is not admission
of the-amountdue and all:claims may be subject to-formal adjudication.
4. William Quarm is.a:partner in the Firm of Bayhead Shop. Consequently he is jointly and severally liable for all debts incurred
by the firm and.any shortfall due to partnership creditors