HOME  FORUM  MEDIA  EVENTS  ARTICLES  TV  BLOGS
•Home
Bankruptcy:
•Bankruptcy Information Center
•What is Bankruptcy?
•Is Bankruptcy right for me?

•How to declare Bankruptcy?
•What happens to my assets?
•Bankruptcy and credit rating

Forum:
•forum
•register
•search
•faq
•experts

Blogs:
•Bankruptcy News
•More...

Media Room:
•Press releases
•Media Coverage

Other:
•About BankruptcyHelp
•Links
•Contact us
•Debt Glossary
•Insolvency jobs


FORUM
  > Browse and post on our forum
Home   |   Profile   |   Register   |   Active Topics   |   Members   |   Search   |   FAQ

Welcome to our Forum, please register if you want to post

 All Forums
 archive
 Forum Questions
 i was declared bankrupt in 2000.

Note: You must be registered in order to post a reply.
To register, click here. Registration is FREE!

Screensize:
UserName:
Password:
Format Mode:
Format: BoldItalicizedUnderlineStrikethrough Align LeftCenteredAlign Right Horizontal Rule Insert HyperlinkInsert EmailInsert Image Insert CodeInsert QuoteInsert List
   
Message:

* HTML is OFF
* Forum Code is ON
Smilies
Smile [:)] Big Smile [:D] Cool [8D] Blush [:I]
Tongue [:P] Evil [):] Wink [;)] Clown [:o)]
Black Eye [B)] Eight Ball [8] Frown [:(] Shy [8)]
Shocked [:0] Angry [:(!] Dead [xx(] Sleepy [|)]
Kisses [:X] Approve [^] Disapprove [V] Question [?]

 
Check here to subscribe to this topic.
   

T O P I C    R E V I E W
dragonspark Posted - 03 April 2011 : 14:36:46
i was declared bankrupt in 2000.
in 2001 i entered into an agreement with my cousin where i had an option to purchase a property after three years. i did not exercise this option, i was contacted by the official reciever, by phone enquiring about the property, i told them at that time i was in no position to purchase the property, i heard no more or had any other contact except my discharge from bankruptcy in 2003, if i now purchase the same property now can the official reciever have a claim on it
7   L A T E S T    R E P L I E S    (Newest First)
Reviva UK Posted - 04 April 2011 : 00:01:01
ALso the rules for Br were different in 2000.

Br lasted 3 years and had a number of different ways of dealing with property and timeframes.

In terms of an option to purchase. It is possible that if you had an option to purchase property at a discount over market price then this would be classed as an asset - similar to a share option

Paul Johns
Bankruptcy Specialists
Reviva UK
www.revivauk.com
08454 751 851

Real People ..... Real Debt Solutions
Niobe Posted - 03 April 2011 : 20:21:48
Could be subject of a BRU - hadn't thought of that1

We do need more info from the OP.

Double, double toil and trouble;
Fire burn, and cauldron bubble.

Jan
xx
debtinfo Posted - 03 April 2011 : 19:56:38
not saying this is the case BTW, just covering all angles wih little info to go on
debtinfo Posted - 03 April 2011 : 19:55:57
not necessarily, there are many differnt types of assets in a bankrutcy and an option on an asset could be an asset in itself, some assets nowdays have time limits on them such as an interest in ur family home has to be dealt with within 3 years, but other assets persist indefintly until they are sorted by the trustee
Niobe Posted - 03 April 2011 : 19:25:06
Forgive me for being a bit thick, but would it not be over by now?

Double, double toil and trouble;
Fire burn, and cauldron bubble.

Jan
xx
debtinfo Posted - 03 April 2011 : 18:29:35
does the option to buy signed in 2001, offer you any reduction in the price of the house or any preferential treatment
Niobe Posted - 03 April 2011 : 17:12:54
Hi and welcome.

As your BR is over then you should be ok to purchase this property.

Double, double toil and trouble;
Fire burn, and cauldron bubble.

Jan
xx

bankruptcyhelp.org.uk Forum © bankruptcyhelp Go To Top Of Page
Powered By: Snitz Forums 2000 Version 3.4.06