Losing your home

What do you mean I could lose my home, even after all these years?

Imagine this. You are made bankrupt in the early 90's as a result of the property recession and business downturn. You were discharged from bankruptcy in the late 90's. All is now well with your life. You are earning a good income again and your house has gone up in value, so that you are no longer in a low or negative equity situation. You had almost forgotten your past troubles.

Unfortunately, the government Insolvency Service has not forgotten. Their Protracted Realisations Unit kept a note that, at the time you went Bankrupt, you had an interest in a property, but it was not worth doing anything about it at the time because of the low or negative equity.

Your interest might be the whole property, it might be a 50% share because your spouse owned half, or you might have a small percentage share when you helped your parents buy their council house. However, that share is now worth something and your  Trustee in Bankruptcy wants to realise it.

Can he do this after all this time?

If you are the bankrupt or perhaps the 'other owner', call Michael Breeze 07 900 195 195 DX 92863 West Malling to set up a fixed fee meeting to discuss your situation and how it might be resolved.

Related topics you may find useful:

Personal insolvency

Call Michael Breeze on 07900 195 195 or call 0845 270 2511 to set up an appointment