Not if you sold it at true market value, as this would rule out selling an asset at undervalue. However, they would want details of the transaction as any profits will be attached and distributed among your creditors. If the property was sold under the true market value, the Insolvency Service would try to recover the difference from your dad. If he didn’t cooperate the IS would petition the Secretary of State to force a sale. In other words, think carefully before making any decision.
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