sequestration costs

allanann

At the end of a sequestration case, the asset of £64,000.00  most of this has been used up in Trustees costs an solicitors fees, leaving £5,000 to pay the original creditors what should have been the amount of £17,286.44, we have been asked to be Audit Commissioner for the accounts but we don't know any accountants to get advice, I think people should be made aware of how bad debt can get with the money worries people have at the moment.
Eviction from the family home, the sale of the home to realize the £64,000 asset , but the creditors will still not recover their losses. This cant be right.