UK Bankruptcy Law

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Related UK Bankruptcy Law Questions
Hello, I am considering bankruptcy and have a joint mortgage
Hello, I am considering bankruptcy and have a joint mortgage with my wife, what will happen to the property? I have two children also living there, my debts are well over £15000, I am self employed an… read more
James Mather
James Mather
78 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
Hi Im about to be made bankrupt in a couple of weeks. I have
Hi I'm about to be made bankrupt in a couple of weeks. I have tried an IVA which hasn't worked. I will still try to come to some sort of arrange but I don't hold much hope. We have been living our liv… read more
Alex J.
Alex J.
Solicitor
LLB
62 satisfied customers
my husband transfered some land from joint names to my sole
my husband transfered some land from joint names to my sole name as part of a divorce settlement now he is being made bankrupt they are chasing me for money, the Divorce papers have been filed but not… read more
Alex J.
Alex J.
Solicitor
LLB
62 satisfied customers
A friend owes us 10,000 they went bankrupt and did not advise
A friend owes us 10,000 they went bankrupt and did not advise the receiver of this debt. They are now out of bankruptcy and wrote to us advising they still want to pay this money back. They made one p… read more
Alex J.
Alex J.
Solicitor
LLB
62 satisfied customers
Bankruptcy - Assets undeclared (involuntarily) (1) In 1988
Bankruptcy - Assets undeclared (involuntarily) (1) In 1988 I bought a property with an mortgage. As part of the mortgage arrangements, I had to take out an endowment policy which would repay the mortg… read more
Senior Partner
Senior Partner
Bachelor's Degree
4,582 satisfied customers
ow can he then rebuild his credit and will he be able to get
ow can he then rebuild his credit and will he be able to get a mortgage. Someone I know wentIf someone goes bankrupt in the Uk 1 year-its over how long does it lay on your record and could you get a m… read more
UK-Justice
UK-Justice
Master's Degree
11,008 satisfied customers
My problem relates to the two questions you answered on 10th
My problem relates to the two questions you(Joshua) answered on 10th and 20th August. I would like to sell my buy to let property to my wife. However, if I do this before 1st January 2012 I will face … 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
1,457 satisfied customers
Hi,just wondering if anyone can help please. Me and my husband
Hi,just wondering if anyone can help please. Me and my husband are on a IVA and we are struggling to pay this and our mortgage. We also have a secured loan which we are finding hard to pay. If we ask … read more
Max Lowry
Max Lowry
Advocate
Bachelor
1,457 satisfied customers
My husband is the sole proprieter of a small engineering firm.
My husband is the sole proprieter of a small engineering firm. His premises are rented and the equipment is worth about £2,000. He has been unable to work for the last year due to health problems (and… read more
Max Lowry
Max Lowry
Advocate
Bachelor
1,457 satisfied customers
Me and my wife have combined unsecured debt of circa 25000
Me and my wife have combined unsecured debt of circa 25000 and mortgage worth 70000. Our house is worth 52000 at best (from an official valuation). I have lost my job and our income is circa £1400pcm … read more
Max Lowry
Max Lowry
Advocate
Bachelor
1,457 satisfied customers
My ex partner has been made bankrupt and the court has accepted
My ex partner has been made bankrupt and the court has accepted that this has been due to ill health and he will be discharged in a year. I own a house with my ex partner which was our home and the ho… read more
Daniel Smith
Daniel Smith
Bachelor's Degree
1,213 satisfied customers
I have a policy which now vests in the official receiver as
I have a policy which now vests in the official receiver as the trustee in bankruptcy. He has asked if I want to buy out his interest in the policy for the surrender value which is £8,378.444. I have … read more
Joshua
Joshua
Lawyer
LL.B (Hons), Prof. Dip. Law & Pract
63 satisfied customers
There was an individual who was declared bankrupt in early
There was an individual who was declared bankrupt in early 2007. There was a first charge by a mortgage lender on the property in which he lived of £100K. There was a second charge on the property by … read more
UK-Justice
UK-Justice
Master's Degree
11,008 satisfied customers
Our son and his wife are in the process of getting a divorce.
Our son and his wife are in the process of getting a divorce. They are heavily in debt and their house has a repossession order on it. The mortgage interest is being paid (she is now on benefits) - bu… read more
F E Smith
F E Smith
Bachelor's Degree
7,836 satisfied customers
I am currently divorcing my husband and all the paperwork is
I am currently divorcing my husband and all the paperwork is with the courts. My ex huband sold a property to me at current market value (advised by solicitors) which i purchased with a buy to let mor… read more
F E Smith
F E Smith
Bachelor's Degree
7,836 satisfied customers
Hi , I declared myself bankrupt 13 years ago and was dischared
Hi , I declared myself bankrupt 13 years ago and was dischared in 2000,do i still have to declare it at all ? I am financially sound now with an excellent credt rating and credit score. Do i have to d… read more
Meadows
Meadows
Bachelor's Degree
21 satisfied customers

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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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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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