Bankruptcy & the Family Home - An Introduction

Introduction

The primary objective of a trustee in bankruptcy is to get in and realise a bankrupt’s assets for the benefit of the creditors.

Often the family home is the only asset and/or the most valuable asset a bankrupt person may have, and it automatically vests in the trustee.

This webinar will consider the key issues including applications to the Court for possession and sale.

What You Will Learn

This webinar will cover the following:

• The effect of a bankruptcy order upon the family home as an asset of the bankruptcy estate
• How to identify and protect the family home for the benefit of creditors
• The options in respect of the family home
• The difference between a solely owned property and a jointly owned property
• Making an application to Court for an order for possession and sale
• Limitations

This webinar was recorded on 28th July 2021