www.iva.co.uk

I sold my house to a private company, some 5-6 months ago and now rent it back from them, in order to keep a roof over me and my kids heads. I now have got to go bankrupt, will the OR overturn this sale?

Hi amanda and welcome to the forum

The OR can only overturn the transaction if it was effected at less than market value, but he/she will be interested to trace what you did with the sale proceeds. How much was realised and what was it spent on?

It was a quite simple they paid £150k and I owed £154k, so had to sell my car to cover the shortfall. I had the house valued at £155k. Thank you

That does not sound to me like a transaction which would be turned over at all.