Issues and questions that come up during your bankruptcy period

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Byzane
#201978 Hi,

Something that completely crossed my mind!! I just realised today that about 5 years ago I sold a property that I owned jointly with my wife now I'm not sure what to do:( shall I tell the OR about this???

If I do will they then want to know what happend to the net sale proceeds? because at the time I told my wife to put it to her next property that she was going to buy alone as I was not financially sound!
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ByTalbotWoods
#201980 Hi Zane

Follow the old adage, if in doubt list it.

This way the can be no repercussions for 'forgetting' to inform the OR of anything!!

Tim
Byzane
#201981
TalbotWoods wrote:Hi Zane

Follow the old adage, if in doubt list it.

This way the can be no repercussions for 'forgetting' to inform the OR of anything!!

Tim


ok but will this mean the OR will now chase my wife for my share of the net sale proceeds?
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ByTalbotWoods
#201987 Only the OR can answer that, but as a rule, if you sold at market value, and the equity was shared correctly then normally no is the answer.

Tim
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