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 bankruptcy postbag for june
 Beneficial interest payment
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debtrider
Junior Member

494 Posts

Posted - 01 June 2008 :  16:02:44  Show Profile  Reply with Quote
How long before the beneficial interest has to be paid once bankrupt.

debtrider

Reviva UK
Advanced Member

United Kingdom
2452 Posts

Posted - 01 June 2008 :  16:06:28  Show Profile  Reply with Quote
Hi there

this depends upon the Official receivers office and how busy they are. I have clients who went Br last September and are only now having the BI purchased by a family member.

In reality the third party has a little time to sort it out and get the money together

Paul Johns
Assisted Bankruptcy Specialists
Reviva UK
www.revivauk.com
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JulianDonnelly
Junior Member



United Kingdom
325 Posts

Posted - 02 June 2008 :  11:50:04  Show Profile  Visit JulianDonnelly's Homepage  Reply with Quote
Hi Debtrider,

This is quite a grey area with no definitive answer. The OR is likely to give you as much time as you need (within reason), but I would suggest keeping them in the loop as and when things develop.

Regards

Julian Donnelly
Spokesperson for www.Bankruptcyhelp.org.uk
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