Trustees and Bankruptcy

simkamen

Is there any chance you can tell me if I should or should not cooperate with Glaister Jones & Co ( ) after I have declared a bankruptcy ?
I`m asking because they are trying to tell me and force me to deal with them and they are saying that if I will not, then they will make an order of suspending my discharge from Bankruptcy.

This is copy and short part of theirs letter:

.... If you continue to ignore me, one the courses of action available to me is to request the Court to make an Order suspending your discharge from Bankruptcy, meaning that you would remain subject to the restrictions imposed Bankruptcy, until you had co-operated with your Trustee......



What do you thing about it ?

Thanks

alastairq

I take it, Glaister & Jones have been appointed by the Official Receiver as trustees, ie Insolvency Practitioners, for your Bankruptcy?

You can confirm with your OR that this firm is who they purport to be, but you need to co-operate with them , so they can deal with your assets.

You will not be charged for their services, their [exorbitant] fees will come from the BAnkruptcy estate......which will not affect you [although your creditors might be disappointed? ]

Your Discharge can be suspended for non-co-operation....

Johno100

simkamen wrote: »

What do you thing about it ?

I think you should co-operate with your duly appointed Trustee in Bankruptcy, or you could find yourself in a big heap of trouble.

Why aren't you willing to co-operate?

simkamen

He has email me today with:

The key matter I need to deal with is your share of ...address . Ideally for all parties I look to sell a Bankrupt individual’s interest in his home back to him or his wife. It sounds like you would be unable to raise funds – do you know if your wife would be able to raise funds or would she be happy for the house to be sold? I have written to your wife at .... address but she has not replied. Is she still living there? Do you have an e-mail address for her that I can use?

This probably mean that my wife will lose a house

Thanks

Johno100

Well it's his job to realise your financial interest in the matrimonial home, I assume the property you transferred to your wife pre 2011.

Dear All,

Can I ask you for advice ?

Having 89 k of debt I need to declare myself Bankrupt and not quite sure what is going to happen with my wife house. In 2011 the house was transfer on my wife name as we were having marriage problems. I have tried so hard to pay everything but I was not able to earn that much. The loan has been taken in 2009 when I was an owner as well. Right now the house belongs to my wife so my question is if I declare bankruptcy can they do a house repossession ?

I would appreciate of any help

Thanks

https://forums.moneysavingexpert.com/discussion/4676791

If you /your wife (ex-wife?) fail to deal with this matter via discussions with your Trustee in Bankruptcy then, depending on the equity in the property, it may result in an application to court for the possession and sale of the property. If there is continued non-cooperation at that point then yes the property is likely to be repossessed.