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| T O P I C R E V I E W |
| Mike62 |
Posted - 09 October 2010 : 12:19:22
'Morning all,
We had a letter today from the Building society with regards to an investment property, basically to say that their solicitor is issuing a "Letter before action" due the areas built up. We have 6 properties that the trustee is now in charge of ( Declared Bankrupt 10 weeks ago) the action letter is obviously the start of the Possesion procedure.
Do I need to do anything or just pass this all on to the Trustee?, we have only just filled in our SOA as he has been busy dealing with the Business assets.
The letter also outlines the County Court procedure, pre-hearing, hearing etc, do we have to attend all this even though we have no control over them and the Building society is aware of our Bankruptcy?, and will the costs involved fall into the Bankruptcy debt?.
Thanks, Mike.
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| 2 L A T E S T R E P L I E S (Newest First) |
| Mike62 |
Posted - 09 October 2010 : 12:58:07
Thank you, it's such a relief to be able to get good informed advice here.
Regards, Mike. |
| debtinfo |
Posted - 09 October 2010 : 12:29:32
You dont have to do anything or attend the hearing, You could send a letter stating that you dont object to the court to speed things up. The costs will fall into bankrutcy as long as you dont sign anything accepting liability |
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