An order was made for the sale of our matrimonial home in 2010. I am insolvent and i might be made bankrupt – can the Trustee in bankruptcy stop the sale of the home?
The short answer to a very complicated issue is ‘No’ but the property would still become part of the bankruptcy estate and 50% of any profit would be attached once the sale is complete. The Trustee would register his interest in the property on the Land Registry and the Solicitors handling the sale would only deal with the Trustee. Your wife’s 50% of any profit would still go to her – it cannot be interfered with.
Call us on 01425 600129 or 07479 739139 / 07894 481175 with any further bankruptcy questions or for bankruptcy help. Our advisers are not scripted and will gladly explain everything in easy to understand terms.