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Property transfer and bankruptcy - Bankruptcy UK

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Property transfer and bankruptcy

I have had a bankruptcy petition served on me with the hearing a week today. I have owed the money for some time and because of a fall in sales I have unfortunately not been able to yet make payments to my client and he has understandably run out of patience. My one sole asset however is an inherited property in the Netherlands which is due to sell on March 1, 2013 from which I can then make the payment due in full.

I have thus advised the court but not yet heard back. The client was previously informed of this too, but on account of unfulfilled sales to me I have promised him monies before which have not come to fruition. Could you please advise therefore where you think I stand, do you think that the  court may adjourn the hearing on account of the forthcoming sale, and if the hearing goes ahead what should I expect. I have just received legal advice from a solicitor, but currently do not have legal representation. Thank you very very much indeed for your time, I am so scared. Thank you.

If you attend the court hearing with the relevant paperwork, it is almost certain that the Judge will defer the bankruptcy pending the conclusion of the property transfer. 

Bankruptcy UK offers bankruptcy help across the board and will submit your application online. Court appearances for bankruptcy are no longer required. Feel free to call us on 01425 600129 for a chat about your circumstances.

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Bankruptcy UK

Bankruptcy UK