All Forums  archive  bankruptcy postbag for july  Transfer of beneficial interest

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Screensize: 640 x 480 800 x 600 1024 x 768 1280 x 1024 UserName: Password: Format Mode: Basic  Help  Prompt  Format: Font Andale Mono Arial Arial Black Book Antiqua Century Gothic Comic Sans MS Courier New Georgia Impact Lucida Console Script MT Bold Stencil Tahoma Times New Roman Trebuchet MS Verdana   Size 1 2 3 4 5 6   Color Black Red Yellow Pink Green Orange Purple Blue Beige Brown Teal Navy Maroon LimeGreen Message: * HTML is OFF * Forum Code is ON Smilies [quote][i]Originally posted by petermcc[/i] [br]I am discharged from bankruptcy today, having been declared bankrupt a year ago. In October 2007 the OR wrote to my wife offering "subject to contract" to transfer the beneficial interest in our house to her for £1 and requested a valuation. She paid an independent valuer and the report was duly forwarded by post and emailed within the 21 day time limit. Receipt was verbally confirmed by the OR's office within the time specified. I understand this was then in turn forwarded to the regional trustees dept for processing. We have avoided progress chasing this matter as evidence suggests that contact with the OR office prior to discharge is a no no! It would appear that my equitable interest in the property can remain vested in the regional trustee for 3 years even though charging orders exceed the value of the equity and there is no benefit. We believe it possible to satisfy these charging orders and are therefore keen to transfer the beneficial interest. Is there a proceedure for such matters, what happens in 2 years time when 3 years has passed since bankruptcy does the property return to me ?? Thanks in anticipation of help in this delicate matter. [/quote]   Check here to include your profile signature.