Author Topic: Assets and Bankruptcy  (Read 386 times)

CAquarius

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Assets and Bankruptcy
« on: Oct 22, 2020, 01:06:01 AM »
Hi, first time poster so please accept apologies if incorrect format.


My husband was made bankrupt by a creditor in 2018. We have a jointly owned property now at risk (our property is leasehold and has a short lease remaining). Trustee claim to have done a drive by valuation which is higher than what another creditor who has a charge on the property did.  We challenged the Trustee but of course, their valuation stands!

We will struggle to raise the funds they are looking for quickly, although we have offered a smaller lump sum payment which they rejected. Is there anything we can do to protect the home or to challenge what they believe the house is worth to reduce the equity? Thank you.