after bankruptcy what next?

[swantop]

Hi not sure about this question but here goes; What happens after a bankruptcy term has finished does it all go back as before minus the debts? and if the person has been placed with trustees are all the assets sold or do they get to keep anything? The reason i ask is that in September last year i applied for a charging order against a person and property but was told the said person was a bankrupt. I checked on the London Gazette website but the information is almost 2 years old with no real outcome, i also checked the courts website where the original claim was filed but it shows nothing. i want to try again but am hesitant because of costs any advice please. i searched all the property websites but none of his properties seem to be for sale but the main home property looks to be up for rent.

[Nibbler]

Re: after bankruptcy what next?

Were you taking court action for a debt or liability they owed from before or after the date of their bankruptcy order?

I would presume from before if you were told that, but need to double check anyway.

The Gazette entry should give the Office details for his trustee/OR, so they are the ones to query the current status of the case with. i.e. whether he has been discharged, or the BR annulled, overturned, etc.

..

[swantop]

Re: after bankruptcy what next?

Nibbler, How perfect was that reply!! thank you,
we started this action ( because he wouldn't return deposit) during his BR, the trustee's have told us we couldn't be included as a creditor because we had gone past the date to claim, I tried to explain that we didn't know that he was a bankrupt at the time we were renting from him {he only ever wanted cash, the deposit and 3 months in advance} and that he had taken this money from us but terminated the agreement after 11 weeks, 2 weeks before Housing Benefit was due to start, because when we filled in HB application he insisted the HB be paid directly to him, I think he then realised the HB would have to be paid into a bank account which meant the trustees would find out he was getting money and was trying to hide it. it just doesn't seem right that we should lose over £2000 because of this man's deceit.

[meellis]

Re: after bankruptcy what next?

Just briefly I feel you need to look into the rules of bankruptcy and whether he has broken any laws. I know with my bankruptcy I had to inform everybody I was dealing with especially about credit especially after bankruptcy. I am unsure how it is with your situation but I am sure you should have been told prior to any dealings.

[swantop]

Re: after bankruptcy what next?

Hi meellis, you are very right in what you say, only Mr cleverclogs thought he could beat the system, he was made Bankrupt in the June and we rented from him in August, the trustees didn't know about the property he was renting out and certainly didn't know we were tenants, well not until i told them, their reply was that he should have told them and we should not have rented the property from him without their permission, crazy when we didn't know about his situation.