I am a major creditor in a bankruptcy case. I am convinced that the bankrupt's house (his main asset) has been undervalued by a significant amount. The bankrupt is an experienced property developer and one of the estate agents used for the valuations has told me that the bankrupt deliberately asked for a low valuation.
The Official Receiver is refusing to provide me with copies of the valuations and I am unable to request this information under the Freedom of Information Act as the work of Official Receivers are exempt.
How can I resolve this issue and prove that there has been a gross undervaluation?
Have you asked to do your own valuation? How do you know that it has been undervalued?
I would speak to an insolvency expert - details can be found under the expert link on the left hand side of the page. The advice is free,
The friend in my adversity I shall always cherish most. I can better trust those who helped to relieve the gloom of my dark hours than those who are so ready to enjoy with me the sunshine of my prosperity. – Ulysses S. Grant
I am a major creditor in a bankruptcy case. How can I prove a gross undervaluation ?
Posted - 09 August 2013 : 15:42:52
