i own an appartment in Croatia, together with three of my friends. there is some equity in this. Can the uk court force the sale of this property? Also, i was declared bankrupt in june, had a meeting with the receiver then. how long will it take before i hear anything?
It depends how much equity the property has. It is expensive for the OR to sell a foreign property so it will need to be worth their while. If your share of the equity is £10k or less then it is unlikely the OR will be interested, if there is significantly more then they would probably want to release the equity.
Your 3 friends would be offered the option of buying your equity out and providing the OR with this amount.
i own an appartment in Croatia
Posted - 23 September 2010 : 17:47:17
