Empty property due to bankruptcy
An unoccupied property is exempt indefinitely where the liable party would be a trustee in bankruptcy. This is the person appointed by a general meeting of the bankrupt person's creditors. The property will probably be sold to raise cash. The property can be furnished or unfurnished to qualify. The exemption can apply to either the bankrupt account or the post bankruptcy account.
- You will need to provide a letter from the Official Receiver with the date of bankruptcy and proof the property is empty.
Apply for a bankruptcy exemption
To apply you will need to:
- Scan your supporting documents using either a scanner or taking a picture of it using your mobile phone.
- Attach the image and answer all the questions on the evidence form.