you can either rely on the official receiver to do this for you or alternatively speak to one of the experts who assist with Br - which includes the negotiations for the BI
Paul Johns Assisted Bankruptcy Specialists Reviva UK www.revivauk.com
Thanks to Zoe for bumping this back up - Thats the question that is really key for me and I've been told different things.
I've just had my flat valued its worth 210K, the mortgage is 193500 but we have an early redemption penalty of 11500 on that so it leaves hardly any equity.
The trustee in Bankruptcy only has three years to deal with your property so if the redemption lasts for three years this should be taken into consideration, however there is no legal requirement for them to do so.
Hi there sorry for the delay i am dealing directly with the or office. I am looking to see if anyone knows of any examples of OR offices where they have taken this into account, to use in my arguement??? Z x
IVA unsuitable, Bankruptcy Questions...
Posted - 30 April 2008 : 11:17:44
