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If the trustee in bankruptcy has not dealt with the bankrupts principle home within the 3 year time limit what happens?
Does the trustees interest revert back to the bankrupt on the 3 year anniversary date?
Can the trustees prolong the 3 year time limit?
If so on what basis?
Can a bankrupt object to any extension of the 3 year time limit?
Thank you for your response.
If the property is held as tenants in common in unequal shares 60% to non-bankrupt and there is no equity in the property for the trustee to realise with the non-bankrupt entitled to equity of exoneration can they still get an order for sale?
Is this an defence to any application for an order for sale?