Hello there, Myself & my wife ran a business as a partnership & incurred debts mainly to do with the partnership.My wife had to go bankrupt because of this & other personal debts, she was discharged from bankruptcy seven months ago. In January of this year; because of the threat of the creditors coming for the money from myself as a partner in the business I had to go bankrupt. The problem is that with my wife the OR acted as the Trustee & discharged her with no problems, with myself the OR has just appointed an I.P. as trustee and I'm not sure why, as we have basically the same debts. Our house was and is still in negative equity, but as I held the beneficial interest which the OR sold to me for £1 my wife had to not only get her 50% equity back but we thought it was a good idea for her to buy my 50% at the same time and so we made a deed of trust and she paid me £600 for it, that way I had £600 to put towards my bankruptcy fees. Do you think that this is why they have appointed the I.P please. Many Thanks & Kind Regards
Wondering why OR has appointed an IP as trustee ?
Posted - 13 August 2011 : 17:07:21
