Three-year window for trustees to act
Elford, R.
Three-year window for trustees to act - 2004 - Estates Gazette (0433) 14 August 2004, 68-69(2) .
Explains new rules introduced under the Insolvency Act 1986 s283A which trustees in bankruptcy must follow when handling jointly owned property. Discusses the importance of the three-year rule, which forces the trustees to deal with any interest,held by the bankrupt in a home which was his or her sole or principal residence, of the bankrupt's spouse or former spouse within a period of three years beginning with the date of the bankruptcy. Explains the steps a trustee must take to comply with the rule.
INSOLVENCY ACT 1986 S283A
ENTERPRISE ACT 2002
BANKRUPTCY
SALE OF ASSETS
SPOUSES
PROPERTY
Three-year window for trustees to act - 2004 - Estates Gazette (0433) 14 August 2004, 68-69(2) .
Explains new rules introduced under the Insolvency Act 1986 s283A which trustees in bankruptcy must follow when handling jointly owned property. Discusses the importance of the three-year rule, which forces the trustees to deal with any interest,held by the bankrupt in a home which was his or her sole or principal residence, of the bankrupt's spouse or former spouse within a period of three years beginning with the date of the bankruptcy. Explains the steps a trustee must take to comply with the rule.
INSOLVENCY ACT 1986 S283A
ENTERPRISE ACT 2002
BANKRUPTCY
SALE OF ASSETS
SPOUSES
PROPERTY