339 of the insolvency act

[BRUNO999]

My trustee in bankruptcy insists that a large amount of money that i used to assist with cash flow in my business partnership was done to devalue my creditors
this was not the case so how do i appeal against his decision.

[Crazy council]

Re: 339 of the insolvency act

Depends on how much your owed out of the compleate estate after fees and creditors.. the more you have. The more control you get.

If its none. Then its hard but doable. You would have to put down more details. What exactly did yhe trustee say

[BRUNO999]

Re: 339 of the insolvency act

I owed 80,000 to the company that made me bankrupt. They did this because i would not pay them for a very bad job they did for me.

I did not know that they were to make me bankrupt 3 years beforhand when i made the transaction but the trustee insists he can

use rule 339 (devaluing creditors.) he wants to reclaim the money from my other business partners.

I want to try to stop him befor he instructs solicitors to do this.

[Crazy council]

Re: 339 of the insolvency act

Ok. The way to do it is to first formaly object to your trustee.. put the full reason as to why he should not take the action. If the yrustee refuses you can apply to the judge to decide..

[BRUNO999]

Re: 339 of the insolvency act

I have formaly objected to the trustee with all my reasons but he is standing his ground.

I am not going to court yet. I am trying to have his decision changed so that it does not go that far.

[Crazy council]

Re: 339 of the insolvency act

Hi

I will try dig out the parts of the insolvance act over the weekend when i have some time. When i used it, i did have loads of assit in my estate.. and judges tend to listen a bit more in those curcs...

You can complain through the trustees regualtors but, if memmory serves me correctly, and it has not changed since i was dealing with it ( 2007-2012 ) . therwise you apply to the court to ask the judge to consider there actions.