Bankruptcy Negotiation Assistance Service

When you go bankrupt you are placing the control and disposition of your assets and money into the hands of the court. And sometimes the demands of the bankruptcy Trustee or Official Receiver can be very scary and costly, both emotionally and monetarily. Most of the time the bankruptcy Trustee or Official Receiver does a fair and admirable job of resolving cases equitably but every once in a while, they make grossly unfair and unreasonable decisions which need to be settled in a professional manner so you don't lose money or property.

Unfortunately, you are in the worst position to negotiate a resolution to these problems because not only are you emotionally charged and vested in them but you don't have the experience and training to best deal with them.

So along with the other comprehensive bankruptcy services that we offer, Myvesta also offers a very valuable service to help intercede with the Trustee or Official Receiver and the court if your bankruptcy case has run into a roadblock.

With your permission we can represent you with the bankruptcy Trustee or Official Receiver and work to negotiate a settlement in cases that involve issues like:

• The trustee wants to sell your car in the bankruptcy and you want to keep it.
• The trustee wants to take all the money in your bank account, but you need that money for living expenses.
• You don't owe the debt on which the bankruptcy was based and you want the bankruptcy stopped and/or annulled.
• You want to pay off all the debts and the costs in the bankruptcy in full and get out of bankruptcy early.
• The trustee is going to court to get possession of your property and you want to keep it.
• You gave away something or sold it at less than its proper value, and now the trustee wants to get the extra value back from the person you sold it or gave it to.
• You paid back a friend or family member before bankruptcy and now the trustee wants to get the money back from the person you paid.
• The trustee is claiming that all the property equity should come to him because your property is in your sole name, but your partner wants to claim a share in the equity.
• You validly sold the equity in your property to your partner or a family member before the bankruptcy started, but the trustee says he still wants money out of the property.
• You want to try to protect your property before going into bankruptcy.

Case Study 1

Dave was bankrupt and he and his partner Jolene jointly owned their property. The bankruptcy trustee threatened them with eviction. We negotiated for them with the trustee and were able to stop the eviction and negotiate a settlement figure which David and Jolene raised partly by a remortgage and partly with help from the family.

Case Study 2

Just before Liz was made bankrupt she sold her life policy and paid the £5,000 she received for it to her mother for a debt she owed her. Liz's mother then spent most of the money on a holiday. The trustee wrote to Liz's mother and said that he wanted the money back because it was a preference. We persuaded the trustee to accept less than £1,000 in settlement.

Case Study 3

Sam and Safi had been advised before Sam went bankrupt that Sam should sell his equity in the property to Safi to protect the property in the bankruptcy. The equity was £4,000 and on advice the equity was transferred to Safi for £1. The trustee tried to bully Sam and Safi into believing that they had received wrong advice, and that they would still have to lose their property or pay something to him. We produced evidence to the trustee which persuaded him that he could no longer do anything about the property, which meant that the property was saved.

Enrol Now

When you enroll in this service we will connect you with one of our independent Insolvency Practitioners that will professionally assist you in negotiating your issues for you with the Official Receiver.

The price for this service is £549*. Enrol now by clicking the button below.

Contact Myvesta UK Now

If you have questions about the Bankruptcy Negotiation Assistance Service or would like more information please fill out the form below.