| Author |
 Topic  |
|
|
Ceetee
Starting Member
United Kingdom
1 Posts |
 Posted - 26 February 2011 : 16:08:54
|
| I was made bankrupt on 23/2 and have just received a lawyers letter from my business landolord re: renunciation of lease. they have sent me forms to sign but suggest i get legal advice before signing. i have been quoted £200+ for local lawyers advice on this and cannot afford this and not sure what to do for the best. Should i sign this form and be done with it? the landlord does not yet know i am bankrupt. any help and advice would be appreciated |
|
|
Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 26 February 2011 : 16:37:09
|
Hi and welcome.
I'm afraid I've no idea about this unfortunately. Hopefully one of the experts will be along to help.
Buckle your seat belt Dorothy, 'cos Kansas is going bye bye.
Jan
xx |
 |
|
|
MRS T
Starting Member
United Kingdom
3 Posts |
Posted - 26 February 2011 : 16:53:55
|
| Thank you for the welcome. I have lots more questions in my head but this one is most important just now. It all feels a bit weird just now. |
|
|
|
Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 26 February 2011 : 17:42:43
|
Hi and welcome from me as well.
Please don't sign anything without taking advice first. Hopefully one of the experts will pick up on this and be able to advise. You can also contact any of the professional experts who post on here and they will be able to help you.
View my blog at http://skippy13.blogs.iva.co.uk/
Only when the last tree has died, the last river has been poisoned and the last fish has been caught will we realise that we cannot eat money.
Last IPA payment made on 28th June 2010 - it's over at last! |
|
|
|
Housing
Senior Member
United Kingdom
1399 Posts |
Posted - 26 February 2011 : 18:07:02
|
Hi
RENUNCIATION. The act of giving up a right.
It is a rule of law that any one may renounce a right which the law has established in his favour. To this maxim there are many limitations.
A party may always renounce an acquired right; as, for example, to take lands by descent; but one cannot always give up a future right, before it has accrued, nor to the benefit conferred by law, although such advantage may be introduced only for the benefit of individuals.
I suggest a call to your local CAB next week - do not sign anything before taking advice
Good luck, Housing
"There are no problems - only solutions" |
|
|
|
debtinfo
forum expert
2826 Posts |
Posted - 26 February 2011 : 18:13:09
|
| What was the lease for and was it only in your name |
|
|
|
MRS T
Starting Member
United Kingdom
3 Posts |
Posted - 26 February 2011 : 18:21:14
|
| It was a cafe in my name only. |
|
|
|
debtinfo
forum expert
2826 Posts |
Posted - 26 February 2011 : 18:25:13
|
Then the lease vests with the Trustee of the bankruptcy and you would not have the right to renounce it even if you wanted to, You shoukd give them the details of the OR, and tell the OR what they are asking for
Btw i presume you are in england or wales or the above may not apply |
|
|
|
MRS T
Starting Member
United Kingdom
3 Posts |
Posted - 26 February 2011 : 18:28:36
|
| Ah right ok I understand now. I'm in Edinburgh btw |
|
|
|
debtinfo
forum expert
2826 Posts |
Posted - 26 February 2011 : 18:51:11
|
| Then forget everything i just said, different rules above the border, which may or may not be similar |
|
|
| |
Topic |
|
Lawyers letter re renunciation of lease
