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Response to can they sell my home?

from David J. Button (davidjohnbutton@supanet.com)
Not necessarily Andy. Scenario - I know I am going bankrupt - so I dispose of as many assets as I can that might be clobbered to put them out of reach of the creditors - not much creditors can do about chattals (i.e. the sofa, the car, my rolex etc.) but lo and behold, I sell a relative my house for say £10,000 less than its supposedly worth. An application to set the sale aside would likely be granted simply because I "sold it" for less than true worth - that fact being supported by not putting it on the open market.

You are not at this stage yet - as I said before, try negotiation.

(posted 7035 days ago)

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