Family homes and orders for possession and sale in bankruptcy | Practical Law

Family homes and orders for possession and sale in bankruptcy | Practical Law

This note looks at how a trustee in bankruptcy identifies, values, protects and deals with their interest in the bankrupt's family home.

Family homes and orders for possession and sale in bankruptcy

Practical Law UK Practice Note 1-508-1321 (Approx. 34 pages)

Family homes and orders for possession and sale in bankruptcy

Law stated as at 11 Mar 2022England, Wales
This note looks at how a trustee in bankruptcy identifies, values, protects and deals with their interest in the bankrupt's family home.
It discusses the effect of a bankruptcy order on a trust of land and rights of occupation affecting the bankrupt's family home.
This note also sets out the grounds for a trustee's application for an order for possession and sale of the bankrupt's home and considers the impact of exceptional circumstances and the bankrupt's death.