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bankruptcy trustee taking only income


hlolli
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Hi,

 

I was made bankrupt in May this year and I co-own two properties with my wife.

one of them, (the one we live in) has a small equity and the second has minus equity.

The second one is being rented out and is the only income that I have.

now the trustee of my bankruptcy has written a letter to the tenants that all monies should be paid directly to them.

This will leave me with absolute £ 0 income, and they are taking my wife's part of the rent as well.

 

is this legal and is there anything I can do stop them?

 

thanks in advance for any help.

 

Lolli

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Have you tried speaking to them? It may be that they want the money paid directly to them so that they can deduct something before paying the balance to you/your wife.

 

You could also try speaking to someone at the insovency service and asking their opinion - they are usually very helpful.

 

Bottom line is that if they take your sole source of income you may have to claim benefits, so at the very least you will need them to confirm in writing on what grounds they are taking the money.

RMW

"If you want my parking space, please take my disability" Common car park sign in France.

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Your wife is not subject to your bankruptcy order and is entitled to her income from the rented property.

Contact your trustee and or the insolvency service m and make a complaint, your wife should also make her interest

known.

Any Letters I Draft are N0T approved by CAG and no personal liability is accepted.

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