UK Bankruptcy Law

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My husband was made bankrupt 5 years ago over gambling. It
My husband was made bankrupt 5 years ago over gambling. It was a terrible time and we nearly lost our house. The Official receiver at the time sold me the house for £1 plus admin as no equity was in t… read more
Alex J.
Alex J.
Solicitor
LLB
62 satisfied customers
French citizen, has been living and working in the UK for 20
French citizen, has been living and working in the UK for 20 years. If that person wanted to declare themselves bankrupt in the UK, and move back to France, does the bankruptcy follow them in any way?… read more
Max Lowry
Max Lowry
Advocate
Bachelor
69 satisfied customers
I would like to ask you if I can declare bankruptcy as a doctor
I would like to ask you if I can declare bankruptcy as a doctor I have recently settled a claim against me and now I have received the claimants notice of bill costs I cannot afford to pay them.… read more
Alex J.
Alex J.
Solicitor
LLB
62 satisfied customers
UK law - I have fallen behind on my credit card payments -
UK law - I have fallen behind on my credit card payments - I will try and organise a payment plan and get interest halted. If they refuse what options do I have and what assets can they get to -i.e. c… read more
Senior Partner
Senior Partner
Bachelor's Degree
4,582 satisfied customers
I am director of a small company which is fine, no profit but
I am director of a small company which is fine, no profit but gives me a wage and no debt, but have just had a £50K demand from hmrc for capital gains tax from when I had t0 sell several houses becaus… read more
Alex J.
Alex J.
Solicitor
LLB
62 satisfied customers
a) Sister in laws husband had big gambling debts and were
a) Sister in law's husband had big gambling debts and were advised by a “Financial Advisor”, badly I think, to seek bankruptcy which they were granted in July 2009. b) Sister in law personally had her… read more
UK-Justice
UK-Justice
Master's Degree
11,008 satisfied customers
In Jan. 2008 I bought a buy to let property for £110K with
In Jan. 2008 I bought a buy to let property for £110K with joint funds, but registered only in my name. In March 2009 I took out a £75K mortgage to help pay unsecured creditors. In 2010 my wife wanted… read more
Alex J.
Alex J.
Solicitor
LLB
62 satisfied customers
I was made bankrupt in 2010 and am now discharged. The banruptcy
I was made bankrupt in 2010 and am now discharged. The banruptcy trustee took out a charge on my property, but because of subsidence that is currently worthless. I did not contribute anything to the p… read more
Joshua
Joshua
Lawyer
LL.B (Hons), Prof. Dip. Law & Pract
63 satisfied customers
I am under a bankruptcy order which ends in March 2012, however
I am under a bankruptcy order which ends in March 2012, however I have agreed to pay an io for 36 months which will end in Oct 2014. In the meantime I will be off on long term sick leave due to a hip … read more
F E SMITH
F E SMITH
Solicitor
Bachelor's Degree
11,280 satisfied customers
misunderstanding I am a creditor in Ireland, the debtor had
misunderstanding I am a creditor in Ireland, the debtor had fled to the UK and obtained bankruptcy in 24 hours on his own petition 3 days before facing Banruptcy in Ireland. His COMI is Ireland have a… read more
Alex J.
Alex J.
Solicitor
LLB
62 satisfied customers
Bankruptcy / Hi , Im 90 k in debt , business has dropped
Bankruptcy / ? Hi , Im 90 k in debt , business has dropped off a cliff , zero or negative equity ...currently on a debt repayment plan ......and considering bankrupcy , what would you advise , how inv… read more
Max Lowry
Max Lowry
Advocate
Bachelor
69 satisfied customers
I was discharged automatically in Oct 2010, at the start of
I was discharged automatically in Oct 2010, at the start of it my now ex-partner was given the opportunity to pay £8000 to keep the house and my partner would have the sole equity in the property. I h… read more
Daniel Smith
Daniel Smith
Bachelor's Degree
1,213 satisfied customers
I bought a house as a buy to let in 2006 and my daughter and
I bought a house as a buy to let in 2006 and my daughter and her partner live in it and pay the mortgage. The mortgage is in my name but we signed an agreement to transfer any equity in the house to h… read more
Senior Partner
Senior Partner
Bachelor's Degree
4,582 satisfied customers
can you tell me if I have to inform the insolvency practitioner
can you tell me if I have to inform the insolvency practitioner of all my change of circumstances after I have discharged, if the change does not result in a change of income? I was discharged on Feb … read more
Max Lowry
Max Lowry
Advocate
Bachelor
69 satisfied customers
I went bankrupt in march 2009 and was discharged this year.
I went bankrupt in march 2009 and was discharged this year. I have been working since then to clear up my credit report. I started having letters from a collections agency in may for an account that h… read more
F E SMITH
F E SMITH
Solicitor
Bachelor's Degree
11,280 satisfied customers
I was made bankrupt in 2007, I am due to be forced to sell
I was made bankrupt in 2007, I am due to be forced to sell my home, I have been out of work due to having a baby and am a single parent do not receive any other help. How do I prevent my baby and I be… read more
F E SMITH
F E SMITH
Solicitor
Bachelor's Degree
11,280 satisfied customers
I am in the process of divorcing my husband. He sold me a house
I am in the process of divorcing my husband. He sold me a house which we let in April 2010 at current market value. I also own my own house with the mortgage solely on my name the house was purchased … read more
Claire D
Claire D
Solicitor
Bachelor's Degree
3,045 satisfied customers
Hi, My mum was made bankrupt in Feb 2009, discharged in
Hi, My mum was made bankrupt in Feb 2009, discharged in Feb 2010. In March 2010 the trustees of te bankruptcy put her house up for sale to realise the equity. It has sold today for the asking price. S… read more
F E SMITH
F E SMITH
Solicitor
Bachelor's Degree
11,280 satisfied customers

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Joshua

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F E SMITH

F E SMITH

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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).

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