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Bankrupted with Financial Control Conundrum
21butterflies
Posts: 2
Newbie
My creditors are my sisters who I took to court because the evidence I have is that they have been Trustees of Trusts and have been dishonest. Despite (amongst so many other things) it turning out that there is another Trust, the judge believed they are really honest people who would not deprive me of my inheritance, at the same time as acknowledging he was not able to get a copy of the other Trust or discover who the Trustees were. He also accepted the lie my sisters came up with, based on no evidence at all, I must have had another bank account where the money I can prove I did not receive must have been paid into.
Now they have appointed IP Trustees and I feel like I am in this never ending cycle of financial control and abuse that they will lie forever to keep my status as bankrupt for the rest of my life. Can someone please tell me what the powers of IP Trustees are? What are the powers of the Insolvency service ?
I was close to paying them their debt but my family wanted me to sign that I will never hold them accountable for any financial impropriety that I may know about or may find out about in the future. I could not sign that and maybe someone thinks that was wrong and anything is better than being in the mess I am in, but now the only way to pay my debts would be for them to disclose the Trust they have concealed and it just seems like an absurd position to be in. Any suggestions?
0
Comments
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Thank you ( missed that crucial line
) 0 -
The powers of an IP as trustee are the same as the OR. The powers are set down in legislation (Insolvency Act 1986) so cannot be listed here.
You are only bankrupt for 12 months unless your discharge is suspended due to non co-operation. If you can elaborate on the specific issues I may be more help to you.0
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