i was declared bankrupt just over three years ago. the house was in joint names and i have only now recently been informed that i have to sell my house for my half of the assets.this was a business debt. and regretfully my husband passed away only five weeks ago.can they now take his share of the assets from the property and is there a statute of limitations on the time scale from bankruptcy.how long is this and what date would it go from. regards carol
I am so sorry to hear about the loss of your husband.
If you have now been discharged from br the offical receiver would only be entitled to your share of the equity at the time of the br - this value may clearly increase or decrease within the time they have to realise the asset.
As you husband has only just passed away then any benefit you may now receive would be outside of Br and would be retained by yourself.
Are you dealing with the Official receivers office or has an external trustee been appointed?
Paul Johns Assisted Bankruptcy Specialists Reviva UK www.revivauk.com
I also wanted to say that i am sorry to hear about your loss and your current situation.
We are all here for you no matter what. Please dont forget that.
Take care of yourself and it will get sorted in the end.
Jo x
"There is light at the end of the tunnel, if you cant find it get a brighter torch"
For links to help with Bankruptcy, useful web pages and also a run down of my new debt free life, both before and after Bankruptcy, then please visit my blog:
bankruptcy time scale
Posted - 18 September 2008 : 22:27:06
