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Release as Trustee - what does this mean? - Bankruptcy UK

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Release as Trustee – what does this mean?

Please can you tell me why I have received a ‘Release as Trustee’ letter, along with a “Statement showing Position of Estate at Date of Application for Release when I was discharged in December, 2012?

Without any further information, we have a feeling that you might have had a property in negative equity at the time you entered bankruptcy. The Official Receiver or Trustee reviews the situation after 27 months to establish whether there is equity in the property at that time. If there is no change to the equity issue, he releases his interest and lifts any restrictions on the title deeds.

Feel free to call us with any further questions or for bankruptcy help on 01425 600129 or 07479 739139.

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Bankruptcy UK

Bankruptcy UK