deed of trust on our property deemed invalid

[elaine_]

I have received a letter today from the appointed trustee of my bankruptcy (April 07). The trustee has declared that a deed of trust we had on our property is invalid and has estimated equity of £84,434 - he has give me three options - selling the beneficial interest, putting the property on the market or having his solicitors commence possion. He also says that if a third party wants to buy the beneficial interest, they must do so in within two months.

Is there anything I can do to fight the declaration of trust being deemed invalid? Also, would the beneficial interest be for the full amount of equity?

Many thanks

[MelanieGiles]

Hi elaine and welcome to the forum

You will need to take specialist legal advice on this issue - probably the best port of call is to the solicitor who actually drew up the deed for you.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

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