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Ask Clare Your Own Question
Clare
Clare, Solicitor
Category: Bankruptcy Law
Satisfied Customers: 34233
Experience:  I have been a solicitor in High Street Practice since 1985 with a wide general experience.
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I was declared bankrupt R on August 13, 2013 although

Resolved Question:

I was declared bankrupt R on August 13, 2013 although discharged after 12 months they are now trying to take my house is this possible I have a letter saying about trustees can be a relative can you please answer my query I don't know what the trustees and relative Means
Submitted: 1 year ago.
Category: Bankruptcy Law
Expert:  Clare replied 1 year ago.

Thank you for your question

My name is ***** ***** I shall do my best to help you

It is possible for a friend or relative to "buy" your share of the property from the Trustee in Bankruptcy if there is someone willing to do so.

Please ask if you need further details

Customer: replied 1 year ago.
Thank you Claire how does that work with a relative buying my share and how much does it cost
Expert:  Clare replied 1 year ago.

Your Relative can negotiate with the Trustee in Bankruptcy and agree a figure.

Once that sum is paid the Trustee will sign a TR1 transferring the property to your Relative

Clare and other Bankruptcy Law Specialists are ready to help you