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 Forum Questions
 Am I supposed to turn my property over to trustee ?
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Deb.mm
Starting Member



1 Posts

Posted - 19 April 2011 :  07:50:19  Show Profile  Visit Deb.mm's Homepage  Reply with Quote
I beegan my 5 yr paymets thru bankrupcy 1/1/10. I have now found out that land I owned 25 yrs ago and thought was sold for failure to pay property tax was in fact not sld and my partner continued to pay the tax. An interested thrid party wants to timber the property. Am I supposed to turn my portion over to the trustee?

debtinfo
forum expert



2826 Posts

Posted - 19 April 2011 :  19:52:08  Show Profile  Reply with Quote
are you in enland and wales, if so why 5 years not 3, is it a bankruptcy and not an IVA.

Does the trustee know about the property
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Niobe
Administrator



United Kingdom
4590 Posts

Posted - 19 April 2011 :  20:04:35  Show Profile  Reply with Quote
Even a trust deed does not last for five years.

As said, are you sure it is bankruptcy or an IVA?

Double, double toil and trouble;
Fire burn, and cauldron bubble.

Jan
xx
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RHB
Senior Member

1159 Posts

Posted - 19 April 2011 :  20:10:32  Show Profile  Reply with Quote
Are you in the UK?
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Bigal4787
forum expert



United Kingdom
641 Posts

Posted - 20 April 2011 :  00:00:09  Show Profile  Reply with Quote
A 5 year payment in bankruptcy? an IPA is only 3 years as is a trust deed in scotland, sure it's not an IVA?

Big Al
Insolvency examiner with the Insolvency service from April 2008 - July 2010.

If you need help completing SOA's(statement of affairs) or PIQ's(preliminary information questionnaire) if you've been declared bankrupt, or anything else and you're within 30 miles or so of Warrington, then please contact me via my contact details in the expert page for futher details"
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