Please could you tell me what the process is with bankruptcy in terms of your property. When you file for bankruptcy is someone assigned to selling your house or can you do that yourselfIm wondering whether the person who takes over the bankruptcy would sell the house at market value or it would go as a fire sale?
State/Country relating to question: United Kingdom
Thanks for your question. Please remember to click ACCEPT once you get my answer.The OR has a duty to get the best price - so it is likely to be sold at market value.They want to get as much money as possible. Please remember to click accept so that I am credited for my time. Thank you.
Called to the Bar in 2007
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).