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I am considering bankruptcy as there is no way I can continue to pay my debts, I want to transfer my property over to a family member before going bankrupt so I don't lose the property in bankruptcy.
How can I do this?
My ex husband was in bankruptcy from jan 2010 and signed out in july 2010...his mother died in the febuary 2010 and should have been left a 3rd of her estate, i am aware that he did not disclose this to the receivers and his sisters have gone out of their way to hide the money and sign it in to their names until his bakruptcy is over
was this commiting bankruptcy fraud??
If you have a serious debt problem, bankruptcy can free you from your debts within 12 months. As a solution for dealing with serious debt, bankruptcy is a last resort. Other debt solutions need to be explored first, to help determine if bankruptcy is the right debt solution for you.
Your financial affairs are put into the hands of an Official Receiver or Trustee, who will control all your assets - and if you own a property, this will also be included. These will be sold and the money used to pay as much as possible to your creditors.
There are consequences to bankruptcy which will affect your finances and work life. You may struggle to borrow money, for example, and will not be able to apply for certain jobs.
For some, bankruptcy is the right option and will put an end to pressure from creditors. Our team of experts are on hand to advise on the best solution to your debt problems - call now on 0800 002 9951.