If the official receiver has offered the property back to the owner for £1 plus the conveyancing fees can he withdraw that offer after it has been accepted
he can at any point until the contract has been completed. All of the letters you received will have had "subject to contract" printed on them. Having said that it would be very unusual to withdraw the offer
All the correspondence is marked "subject to contract" and until the contract is completed, the BI is not transferred.
I am not saying that to stress you - to be realistic - it is taking several months at the moment to transfer BI as there are so many transactions going therough - the highest number of bankruptcies ever recorded!! We are just two (you and me that is!)
I am sure it will be fine, I suspect you will hear from tghe ORs solicitor with a few standard questions - you are then invited to select your own legal adviser - probably not necessary in my view.
Good luck, Richard
"Life is generally something that happens elsewhere" (Alan Bennett - author and hero of mine!!)
If the official receiver has offered the property
Posted - 29 December 2009 : 15:46:39
