Questions we are often asked ...
... by people who have gone bankrupt or spouses of bankrupts (especially people who have just gone bankrupt).
- Is our home at risk?
- We own our home jointly but I, the non-bankrupt party, paid for the construction of an extension out of my own money. Am I protected against losing this?
- We have had a letter from my spouse’s trustee in bankruptcy telling us he is going to take possession proceedings against us to get us out so he can sell our home. We have a disabled child and the house has been specially adapted for him/her. Is there anything we can do to prevent possession being granted?
- My spouse took out an additional mortgage on the house to prop up his/her business. I had to sign the mortgage as a joint owner although the money borrowed was nothing to do with me. How does this affect me?
- My trustee in bankruptcy is talking about an income payments agreement. What is this and do I have to go along with it?
- My trustee in bankruptcy says I must hand over my car but I really need this. What are my rights? What are his rights?
- My business is that of hiring out wedding cars. Can I continue to run this and keep my vintage white Roller which is my main hire car and which provides a very good return?
- Having gone bankrupt I presume the best thing to do is to keep my head below the parapet so he gets off my case so much the sooner. Is that right?
- Are there any restrictions on carrying on my business as an undischarged bankrupt?
- Since my husband went bankrupt I have been paying the mortgage. His trustee has now turned round and said that I must pay something he calls occupation rent to him. What is he talking about? Is there anything I can do to get out of paying this charge?
- I am the non-bankrupt spouse and my spouse’s trustee in bankruptcy says I can make an offer to buy my spouse’s share from him. However, he wants more money than I think I can afford. What are my rights? Are there any options?
- I went bankrupt a few years ago but it appears that my name is still on a blacklist as being bankrupt and this is causing me difficulties. What can I do?
- I was made bankrupt by HM Revenue & Customs for not dealing with my tax affairs and as a result they have claimed thousands of pounds which in reality I do not owe. Can anything be done about it?
- Although I have gone bankrupt my assets exceed my liabilities and I expect to be able to pay my bankruptcy off eventually and get an annulment. Are there any unforeseen pitfalls?
- I am going to apply for annulment of my bankruptcy but I think that the trustee’s fees are wholly out of proportion to the value of my bankruptcy and the work done. What can I do about it?
- I only went bankrupt because I followed professional advice which turned out to be wrong. Do I have any rights?
- The Official Receiver is talking about applying to stop my bankruptcy discharge period running. What is this all about?
- My trustee in bankruptcy has behaved very unreasonably towards me and I am told that I can complain to his professional authorising body. Is this a good idea and can they put matters right?
If you are an existing bankrupt or the spouse of a bankrupt and you have any issues such as these, you should take advice now.
Why no answers here?
Everyone's circumstances can be different. There are always grey areas. That is why we run a low cost Telephone Advice Line service. Call us now.