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bankruptcy postbag for february

Offers on assests

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debt free at last
Starting Member

4 Posts

Posted - 09 February 2009 : 22:02:36

I have recently been made bankrupt and the OR has asked me or a third party to make an offer on one of my assets.
1. If I can’t make an offer what would happen to the asset?
2. If I made an offer does it have to be the current market value or does it just have to be reasonable?
Please advise.

Niobe
Administrator

United Kingdom
4590 Posts

Posted - 10 February 2009 : 12:43:56

Hi,

Not totally sure, but I imagine that if no one can purchase the asset for you, then the OR will take it.

I presume it would have to be at market value as well.

An expert will confirm (or otherwise!).

The glimmer gets brighter all the time

Jan
xx

movin on
Average Member

United Kingdom
946 Posts

Posted - 10 February 2009 : 13:50:51

I think this is a duplicate post.

Admin could you delete as this post has been answered.

Hindsight is a wonderful thing

Jenny
xx

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