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?