bankruptcyhelp.org.uk Forum - Can I sell my property for its current market value

HOME

FORUM

MEDIA

EVENTS

ARTICLES

BLOGS

•Home

Bankruptcy:

•Bankruptcy Information Center
•What is Bankruptcy?
•Is Bankruptcy right for me?
•How to declare Bankruptcy?
•What happens to my assets?
•Bankruptcy and credit rating

Forum:

•forum
•register
•search
•faq
•experts

Blogs:

•Bankruptcy News
•More...

Media Room:

•Press releases
•Media Coverage

Other:

•About BankruptcyHelp
•Links
•Contact us
•Debt Glossary
•Insolvency jobs

	FORUM
> Browse and post on our forum

Welcome to our Forum, please register if you want to post

	Ask a debt question
	See the last 250 posts
	Watch video on how to use forum

Username:	Password:
Save Password Forgot your Password?

All Forums

archive

Forum Questions

Can I sell my property for its current market value

New Topic

Reply to Topic

Printer Friendly

Author

Topic

Ann.35
Starting Member

2 Posts

Posted - 14 September 2011 : 06:06:07

Can I sell my property for its current market value to pay of mortgage & family debt(there will be nothing left,possibly even still owe money after solicitors fees etc) then take out an IVA/Trust Deed or be sequestrated for what I owe in unsecured loans. And how can I prove I owe my family these funds.

Viki.W
forum expert

United Kingdom
2211 Posts

Posted - 14 September 2011 : 07:28:06

Hi Ann,

No, you can not repay family if you are insolvent as you are favouring one creditor over another.

How much is the family debt? What was it for and was it a transfer into your account from theirs?

I suggest you speak to an expert to chat this through.

Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
Please read my experience of debt via my blog at http://vikiw.blogs.iva.co.uk/

Topic

New Topic

Reply to Topic

Printer Friendly

Jump To:

bankruptcyhelp.org.uk Forum