|
Reviva UK
Advanced Member
United Kingdom
2452 Posts |
 Posted - 18 January 2010 : 21:48:45
|
Hi
When one is declared bankrupt ALL of that persons assets belong to the official receiver - worldwide.
Also please remember that the Statement of Affairs is a very serious legal document and if you intentionally hide assets it is a criminal offence.
The official reveiver will look to release his half of the equity, however this can often be very difficult dependig upon which part of the world it is.
You are likely to be able to make an offer for the equity to remove the asset from the bankruptcy estate.
Paul Johns
Bankruptcy Specialists
Reviva UK
www.revivauk.com
Real People ..... Real Debt Solutions |
 |
|
My husband is considering bancruptcy.
