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Krissi
Starting Member
7 Posts |
 Posted - 06 March 2012 : 14:39:21
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I was made bankrupt by a creditor at the end of 2009 and AD was given in 2010. At the time the BO was made, I was told that as I owned property jointly with my husband (who was not bankrupted), I had 12 months in which to sell it. The BR was passed onto a Trustee who, although did not enforce this during the term of the BR, requested that the property be placed on the market some three months after AD (Trustee’s anniversary), which I reluctantly did. However, due to economic climate, property has not sold during this 12-month period and, as stated above, husband is not BR.
My understanding of the situation is that having supplied all details of creditors, etc. to OR/Trustee, the debts have subsequently been written off and I am in the throes of establishing this fact via Experian (I subscribe to them for my credit report). Due to technical problems, I was unable to print off the Certificate and now, of course, it has long since “dropped” off the system!
My question, therefore, is this : if all debts HAVE been written off, can Trustee still insist on sale of property as, the only “debt” here, so far as I can see, is the OR/Trustee fees or can they re-bankrupt me for these?
Of course, I am probably clutching at the proverbial “straw”, but I would welcome anyone’s thoughts.
I would add that over the last couple of years, I’ve read lots of Q's and A’s on here which I have found very helpful.
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Krissi
Starting Member
7 Posts |
Posted - 08 March 2012 : 13:47:46
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| Does anyone have an answer please? |
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debtinfo
forum expert
2826 Posts |
Posted - 08 March 2012 : 17:44:52
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(presuming you are in england or wales)
The family home stays part of the bankruptcy for 3 years and that is how long the trustee has to deal with it |
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Krissi
Starting Member
7 Posts |
Posted - 08 March 2012 : 23:16:41
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| Yes, I live in England. Without wishing to sound stupid, do I take it then that if house hasn't been sold by the end of the 3-year period, that's the end of it all? Other than trying to sort out credit report. |
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RHB
Senior Member
1159 Posts |
Posted - 11 March 2012 : 08:27:51
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I'm not sure that's right Krissi - has the price been lowered if it's not selling? Could your husband pay your part of the equity? How much equity are we talking about?
BTW - your creditors will get their share of the equity, they've only been written off as regards you owing them money any more. |
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Might have asked this twice!
