All Forums  archive  Forum Questions  hi, i went bankrupt in April 2006

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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 itw831[/i] [br]hi, i went bankrupt in April 2006 and i jointly owned a industrial unit that was rented out - mortgage free. The IP has claimed half of the rent during this time but has not taken any proactive steps to sell the unit. How long can this go on for??. The value of the unit has dropped significantly in this time and the IP fees and charges will continue to increase eating into any pay out for creditors. Ironically the same IP company were acting on my behalf in an IVA prior to the bankruptcy at which time they said in their report it would be extremely hard to realise any financial benefit from the unit and therefore should not be included in the IVA!!!!! Also in in Dec 2004 i repaid my mum £8000 that i had borrowed from her and at that time i was not insolvent nor had any intention of entering into an IVA or bankruptcy. The IP is now insisting she repays this sum as she is classed as a preferential creditor. How can this be as she was not priorortised at the time as i was not insolvent. Your thoughts would be much appreciated. [/quote]   Check here to include your profile signature. Check here to subscribe to this topic.