I think that there is very little chance that this would succeed in protecting the properties unless you can prove to the satisfaction of the court why the trust deed was made in Sri Lanka instead of the UK, that it was made seven years ago and not made now backdated, in order to try to defeat a claimant’s claim, that the subject matter of the trust genuinely existed and why it was done seven years ago rather than simply transferring the property into joint names with you and your wife.
In respect of the transfers to your wife, unless they have done more than five years ago, as they were made to a connected person (connected to you) then if that was done to avoid paying creditors (which seems to be the case) the trustee in bankruptcy (if it gets that far) would simply set the transfers aside.
If there was a magic way of properties avoiding charging order and avoid being sold to pay debts, no one would ever get repossessed.
I’m sorry, I know it’s not the answer you wanted. Sometimes there is no easy way to deliver bad news.
Can I clarify anything else for you?
I’m happy to answer any specific points arising from this.
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If you still need any point clarifying, I will still reply because the thread does not close.