Advice needed

The latest of this long standing court issue happened today. Finally had the judge to make the 'dark side' bankrupt and was just wondering if anyone has made anyone bankrupt before and if so what happens next..?

So lets get this right you have taken someone to court to bankrupt them, and haven't researched to see what happens next? And I presume you haven't asked your legal team either to see what the process is?

There is an expression for this hang on I will get it wait now









Yes i have got it















f*cking numpty

The latest of this long standing court issue happened today. Finally had the judge to make the 'dark side' bankrupt and was just wondering if anyone has made anyone bankrupt before and if so what happens next..?

The courts will select someone to oversee the bankruptcy. Forgotten what they call the official.

This official will now collect all the assets of the person who has been made bankrupt. The official will then search for any other creditors. Once all info is collected then any money left in the pot will be handed out to the creditors.

So lets get this right you have taken someone to court to bankrupt them, and haven't researched to see what happens next? And I presume you haven't asked your legal team either to see what the process is?

no I am asking if others have gone now this avenue and would like to learn from their experiences. Is that so wrong..? Having spoken to my legal advisor he stated that I will now hear from the official receiver within the next week and take it from there. However it would be interesting to hear stories of others who have gone down this avenue to get a better understanding of what happens next. Once again I ask, Is that so wrong..?

Surely you would have researched this beforehand?

Surely you would have researched this beforehand?

No not really as I'm told all cases are different and it all depends on the Judge at the day. So it would be nice to hear the experiences of others who have gone down this avenue.

Brownie, do you have any security over funds paid to this debtor?

That will govern everything pretty much. Otherwise you will go into a pool of creditors who will get pennies on the pound after the bankruptcy id advertised in the local press and the London Gazette (which it has to be by law).

Sad, but true.

Also, does the debtor own any property?

Brownie, do you have any security over funds paid to this debtor?

That will govern everything pretty much. Otherwise you will go into a pool of creditors who will get pennies on the pound after the bankruptcy id advertised in the local press and the London Gazette (which it has to be by law).

Sad, but true.

Also, does the debtor own any property?

Securied on her property mate

The person you bankrupt will just put everything in his mother inlaws name in the future Lol

Brownie, do you have any security over funds paid to this debtor?

That will govern everything pretty much. Otherwise you will go into a pool of creditors who will get pennies on the pound after the bankruptcy id advertised in the local press and the London Gazette (which it has to be by law).

Sad, but true.

Also, does the debtor own any property?

Securied on her property mate

Why did you not force the sale of the house instead of bankruptcy?

Brownie, do you have any security over funds paid to this debtor?

That will govern everything pretty much. Otherwise you will go into a pool of creditors who will get pennies on the pound after the bankruptcy id advertised in the local press and the London Gazette (which it has to be by law).

Sad, but true.

Also, does the debtor own any property?

Securied on her property mate

You'll be laughing then. The receiver/trustee will get round to selling that if the debtor's other assets don't cover what's owed.

There is a limit on it though. Can't remember what the anount is, but if it's valued lower than the limit it won't be sold.


Sometimes takes a year, especially if other people have an interest in the gaff.

The person you bankrupt will just put everything in his mother inlaws name in the future Lol

Doesn't matter.

The person you bankrupt will just put everything in his mother inlaws name in the future Lol

The mortgage company hasn't allowed it and the reason I didn't just put a charge on the house was because I could be waiting decades for that house to be sold to get my money

Brownie, do you have any security over funds paid to this debtor?

That will govern everything pretty much. Otherwise you will go into a pool of creditors who will get pennies on the pound after the bankruptcy id advertised in the local press and the London Gazette (which it has to be by law).

Sad, but true.

Also, does the debtor own any property?

Securied on her property mate

You'll be laughing then. The receiver/trustee will get round to selling that if the debtor's other assets don't cover what's owed.

There is a limit on it though. Can't remember what the anount is, but if it's valued lower than the limit it won't be sold.


Sometimes takes a year, especially if other people have an interest in the gaff.

Could I contact the mortgage company and ask them if we could do a deal..? rather than them selling off a property at a much lower rate..?

Brownie, do you have any security over funds paid to this debtor?

That will govern everything pretty much. Otherwise you will go into a pool of creditors who will get pennies on the pound after the bankruptcy id advertised in the local press and the London Gazette (which it has to be by law).

Sad, but true.

Also, does the debtor own any property?

Securied on her property mate

You'll be laughing then. The receiver/trustee will get round to selling that if the debtor's other assets don't cover what's owed.

There is a limit on it though. Can't remember what the anount is, but if it's valued lower than the limit it won't be sold.


Sometimes takes a year, especially if other people have an interest in the gaff.

Could I contact the mortgage company and ask them if we could do a deal..? rather than them selling off a property at a much lower rate..?

Mortgage company is just another secured creditor brownie.

Receiver will get market rate or near enough most likely.

Brownie, do you have any security over funds paid to this debtor?

That will govern everything pretty much. Otherwise you will go into a pool of creditors who will get pennies on the pound after the bankruptcy id advertised in the local press and the London Gazette (which it has to be by law).

Sad, but true.

Also, does the debtor own any property?

Securied on her property mate

You'll be laughing then. The receiver/trustee will get round to selling that if the debtor's other assets don't cover what's owed.

There is a limit on it though. Can't remember what the anount is, but if it's valued lower than the limit it won't be sold.


Sometimes takes a year, especially if other people have an interest in the gaff.

Could I contact the mortgage company and ask them if we could do a deal..? rather than them selling off a property at a much lower rate..?

Mortgage company is just another secured creditor brownie.

Receiver will get market rate or near enough most likely.

and theres me thinking of a chance of a cheap house

Talk to your brief about this stuff but you might get to see the file at some stage, see how much is owed on the house etc.

Brownie, do you have any security over funds paid to this debtor?

That will govern everything pretty much. Otherwise you will go into a pool of creditors who will get pennies on the pound after the bankruptcy id advertised in the local press and the London Gazette (which it has to be by law).

Sad, but true.

Also, does the debtor own any property?

Securied on her property mate

You'll be laughing then. The receiver/trustee will get round to selling that if the debtor's other assets don't cover what's owed.

There is a limit on it though. Can't remember what the anount is, but if it's valued lower than the limit it won't be sold.


Sometimes takes a year, especially if other people have an interest in the gaff.

Could I contact the mortgage company and ask them if we could do a deal..? rather than them selling off a property at a much lower rate..?

Mortgage company is just another secured creditor brownie.

Receiver will get market rate or near enough most likely.

and theres me thinking of a chance of a cheap house

Unlucky.

The official receiver will try and get as much as possible for the assets of the bankrupt. You will find that they will care more for the debtor than the creditor.

There is an expression for this hang on I will get it wait now









Yes i have got it















f*cking numpty

Class.