Legal Question in Bankruptcy in United Kingdom
property
if your buying a house from someone and at last minute theyre declaring themselves bankrupt.can the sale still go ahead
Asked on 2/12/07, 11:11 am
1 Answer from Attorneys
Richard Howard
Richard Howard & CO
Re: property
The property of a bankrupt belongs to his Trustee in Bankruptcy who will initially be an official in the Insolvency Services. Details will be available on the Title or the Property at the Land Registry or if it is unregistered at the Land Charges Department.
The contract for sale will have to be assumed by the Trustee for the sale to go through.
Answered on 2/12/07, 12:59 pm
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