Bankruptcy Petitions

The effect of a bankruptcy on any individual who has realizable assets is catastrophic, it will mean the appointment of a trustee in bankruptcy to oversee the realization of all your assets, Positive Funding can help in a number of ways if you have been served with a bankruptcy petition and you have sufficient equity in your property to repay these debts Positive Funding could pay of the bankruptcy petition in full before the bankruptcy order has been issued by the court, this will save all concerned many thousands of pounds and problems that a bankruptcy will cause.

If the bankruptcy order has been made and a trustee in bankruptcy has been appointed, we would be happy to negotiate a settlement with the trustee on your behalf in order for them to return the equitable interest that they hold in trust back to you, if this is not done then your trustee in bankruptcy has a duty to your creditors to sell the property.