Hi Everyone,
Our company has recently gone into liquidation and we were looking at selling our personal property to pay off debts personally to creditors due to there not being enough money in the liquidation . We have now found out that there is a caveat on this property from the bank with debt owing from the companies overdraft. We now believe we will have to go personally bankrupt, if this is the case can the bankruptcy trustee have the caveat removed in order to sell the property ?
Our company has recently gone into liquidation and we were looking at selling our personal property to pay off debts personally to creditors due to there not being enough money in the liquidation . We have now found out that there is a caveat on this property from the bank with debt owing from the companies overdraft. We now believe we will have to go personally bankrupt, if this is the case can the bankruptcy trustee have the caveat removed in order to sell the property ?