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Bankruptcy annulment advice needed

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  • Bankruptcy annulment advice needed

    I declared myself bankrupt in March 21 for £35k with no assets and income of ESA and Pip.

    in August my dear friend died and left me £55k in cash and a car valued at £15k.

    I have tried to find a solicitor to take on an annulment application but I canít pay the upfront £4k and if I donít get the result I need I canít pay the balance.

    so Iím on my own here.

    I need to know.

    if I get an annulment because the debts have been paid in full. Will I get the 15% realisation fee back?

    what happens if creditors donít prove debts? Currently out if £35k only 2 have proved totalling around £12k.

    if I donít try and annul this I will lose all of my inheritance to fees, 15% realisation fee, 8% statutory interest, £7990 bankruptcy fee, £450 distribution fee.

    is it worth the fight?

    Tags: None

  • #2
    I cant see what grounds you would have for an annulment, you were declared bankrupt because at the time of the ruling you were unable to pay or service your debts as they fell due.

    I cant see what grounds you would have, certainly not from the message above
    I work for Wannops LLP . I give my free time available to helping other on the forum and would be happy to try and assist informally where needed. Any posts I make on LegalBeagles are for information and discussion purposes only and shouldn't be seen as legal advice. Any advice I provide is without liability.

    If you need to contact me please email me on Ptilley@wannops.com .

    I have been involved in leading consumer credit and data protection cases including Harrison v Link Financial Limited (High Court), Grace v Blackhorse (Court of Appeal) and also Kotecha v Phoenix Recoveries (Court of Appeal) along with a number of other reported cases and often blog about all things consumer law orientated.

    You can also follow my blog on consumer credit here.


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