After an individual unintentionally entered into a Deed of Trust with her then partner, the individual sought after our Insolvency team to provide advice on next steps and help to reach a settlement. The Deed of Trust dated back to 1999 and gave our client’s ex-partner a 50% beneficial interest in our client’s residential home.
Following this, the client’s ex-partner was subsequently made bankrupt in 2001 and the 50% beneficial interest vested in the Official Receiver.
Our Insolvency specialists provided expert advice on our client’s options and a subsequent equitable accounting exercise was carried out.
The team’s input resulted in a settlement being reached with the Official Receiver for our client purchase their interest in the property.
To reach out about a similar situation, please contact our Insolvency Team using our contact form or via 029 2082 9100 for a free initial chat to see how we can help you.
To speak to one of our experts today, please contact us on 02920 829 100 or by using our Contact Us form for a free initial chat to see how we can help.
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