i declared bankrupt in 1997 with my partner. Assets were taken, namely family residence and a 6acre field. the debt was about 32k. The home was sold to a relative for £1 because it was in negative equity. My partner has a pension plan with scottish widows, the windfall was also taken by the official receiver, and i believe that another windfall has taken place in the last 5yrs. the Field was sold for £52k so does the official receiver have to pay me the difference between the debt and the assets? and what about the pension plan with scottish widows will my partner ever be able to claim ownership rights on it?
Basically if the debt has been paid plus interest plus the costs of the bankruptcy plus the trustee plus the secretary of state fees. Then any left over cash or assets should be returned. Ask them where they are up to
If assets are worth more than the debt ?
Posted - 21 August 2011 : 16:29:50
