I never heard any thing else until April 2003 when I received a letter from the IS offering the opportunity for myself or a third party to buy out the interest in my property for £25k. I confirmed that I wanted to accept this offer. The IS then discovered that the property was up for sale and that my share of the equity was approx £100k - everything then changed. A Trustee in Bankruptcy was appointed who told me that they would take 'most of that'. Since then I have received various completion statements. In April the value was £81k which was included in court and used in my divorce settlement. The property has now been sold and my share of the equity in a holding account with my solicitor. The TIB's latest statement is for £101k, made up of the original £21k plus £14k they added to make £35k, plus £35k interest and £26k in costs. I have two weeks to respond.
I would appreciate your advice on how to respond particularly relating to the lack of information immediately after the court hearing, the delay in contacting me, the interest incurred (8% for 12 years so far), the changing amounts and so on. I had no idea this debt was building up and feel very aggrieved not to have had this explained to me at the outset. have I a case against the IS over this?
Thank you for any help / advice you can offer.