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Screensize: 640 x 480 800 x 600 1024 x 768 1280 x 1024 UserName: Password: Format Mode: Basic  Help  Prompt  Format: Font Andale Mono Arial Arial Black Book Antiqua Century Gothic Comic Sans MS Courier New Georgia Impact Lucida Console Script MT Bold Stencil Tahoma Times New Roman Trebuchet MS Verdana   Size 1 2 3 4 5 6   Color Black Red Yellow Pink Green Orange Purple Blue Beige Brown Teal Navy Maroon LimeGreen Message: * HTML is OFF * Forum Code is ON Smilies [quote][i]Originally posted by Worried Essex[/i] [br]I was made bankrupt on 24 June, I have a famil home, which the trustee has just had valued. The value has come in at £440,000 and I have mortgages outstanding of £470,000. In addition, my father-in-law has a charge on the home of £33,000 in respect of some building work he paid for in 2005 and some advance school fees for one of my Children. The trustee has asked for proof of the monies changing hands for the £33,000 charge, some of which we can demontsrate, some of which we can not, as it covers advance fees, not yet paid. On this basis, what is the most that the trustee can force ny father-in-law to offer to purchase my share of the equity, is it limited to £1 + legal costs, or can they force a higher value? How do you suggest my father in law handles the question of the £33K charge, bearing in mind some of the charge is for future costs? - although I assume this is almost incentital, bering in mind the fact the property is in negative equity. Thanks, [/quote]   Check here to include your profile signature. Check here to subscribe to this topic.