UK Bankruptcy Law
UK Bankruptcy Law Questions Answered by Verified Experts
Without investigation we do not know if assets are in his name or joint names.
Suspect that the family home which he says is mortgaged to the hilt is in his and wife's name. He has a rich wife.
His flat we suspect is in his name but claims it is up to the hilt in mortgage. His mother's home (died about 9 months ago) he has sold without the agreement of his sister who is 50% beneficiary. This is recent.
Suspect he has sqirralled away money overseas but how can we trace?
Is it possible for you to answer my query rather than answering your own question to me?
You may be interested to know the result of the trial before a High court Judge yeserday. The defendant did not turn up or appoint a barrister or solicitor to represent him. The trial procedure went ahead and I was given judgement in totallity. Having won the case I am now in the position which I originally raised with you. The defendant claims he is broke. Therefore my questions were to establish what action I should take from now on.
My solicitor is negotiating with our company accountant on best methods. The seem to suggest that today a statutory demand be issued. Negotiate as much money as possible meantime and if the sum does not match the claim then issue bankruptcy proceedings.
Does this make sense?
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).