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Reviva UK
Advanced Member
United Kingdom
2452 Posts |
 Posted - 16 December 2008 : 06:31:21
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Hi
the Statutory demand allowys you 18 days in which to present a defence, if not after 21 days the creditor may petition for your bankruptcy.
Which creditor is it as quite often they will issue the demand but not follow through on the Br because of the cost.
What equity do you have in the house?
The Purchase of beneficial interest can happen between 3 - 12 months after the Br so there is not usually any rush. You just need to let the Official Receiver know that you have someone who is interested in purchasing the BI
Paul Johns
Assisted Bankruptcy Specialists
Reviva UK
Real People ..... Real Debt Solutions
www.revivauk.com |
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One of my creditors is making me bankrupt.
