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 Am I supposed to turn my property over to trustee ?

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T O P I C    R E V I E W
Deb.mm Posted - 19 April 2011 : 07:50:19
I beegan my 5 yr paymets thru bankrupcy 1/1/10. I have now found out that land I owned 25 yrs ago and thought was sold for failure to pay property tax was in fact not sld and my partner continued to pay the tax. An interested thrid party wants to timber the property. Am I supposed to turn my portion over to the trustee?
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Bigal4787 Posted - 20 April 2011 : 00:00:09
A 5 year payment in bankruptcy? an IPA is only 3 years as is a trust deed in scotland, sure it's not an IVA?

Big Al
Insolvency examiner with the Insolvency service from April 2008 - July 2010.

If you need help completing SOA's(statement of affairs) or PIQ's(preliminary information questionnaire) if you've been declared bankrupt, or anything else and you're within 30 miles or so of Warrington, then please contact me via my contact details in the expert page for futher details"
RHB Posted - 19 April 2011 : 20:10:32
Are you in the UK?
Niobe Posted - 19 April 2011 : 20:04:35
Even a trust deed does not last for five years.

As said, are you sure it is bankruptcy or an IVA?

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

Jan
xx
debtinfo Posted - 19 April 2011 : 19:52:08
are you in enland and wales, if so why 5 years not 3, is it a bankruptcy and not an IVA.

Does the trustee know about the property

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