Why the client needed our help
HMRC had presented a bankruptcy petition against our client, a private individual in the process of selling his home. The petition was for historical liabilities and, although our client was unable to repay HMRC immediately, he intended to do so using the proceeds from the sale. The sale was advanced, with a buyer secured and contracts due to be exchanged soon. However, our client’s conveyancing solicitors did not know how to progress matters in the face of a bankruptcy petition.
How we helped
We set about obtaining a validation order – essentially, court permission – to allow the sale of the property despite the bankruptcy petition.
The validation order was granted and the sale subsequently completed. Our client was then able to pay the money he owed to HMRC. Our assistance had enabled him both to sell his home and clear his liabilities in full.