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 How long do I have to wait before I can sell my property without paying off creditors ?

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T O P I C    R E V I E W
Edward.s Posted - 11 December 2014 : 20:55:42
How long do i have to wait before i can sale my property and not have to pay off the creditors.
2   L A T E S T    R E P L I E S    (Newest First)
Viki.W Posted - 12 December 2014 : 03:59:01
Hi Edward,

The OR has 3 years to deal with the family home, but you can offer to buy back the beneficial interest at anytime after your bankruptcy.

Is there any equity? Have you spoken to the OR about your property?

Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
Niobe Posted - 12 December 2014 : 02:05:18
Hi and welcome.

The OR will have an interest in your property for two years and three months and could decide that you need to pay any beneficial interest to your creditors.

The friend in my adversity I shall always cherish most. I can better trust those who helped to relieve the gloom of my dark hours than those who are so ready to enjoy with me the sunshine of my prosperity. – Ulysses S. Grant



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