UK Bankruptcy Law
UK Bankruptcy Law Questions Answered by Verified Experts
The debt is with a bank and runs into hundreds of thousands.
Simply a development that went wrong and the bank in question should of held and waited but sold the property very quickly and for very little.
It has been adjouned several times and this is the last hearing at the end of the month.
Even in good times and selling the properties for max value it would never cover the debt - maybe 15p in the pound