Bankruptcy

Business, Enterprise and Regulatory Reform written question – answered on 17th July 2007.

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Photo of Anne Begg Anne Begg Labour, Aberdeen South 17th July 2007

To ask the Secretary of State for Business, Enterprise and Regulatory Reform how many homes were sold in creditor bankruptcy cases in each year since the implementation of the Enterprise Act 2002.

Photo of Pat McFadden Pat McFadden Member, Labour Party National Executive Committee, Minister of State (Department for Business, Enterprise and Regulatory Reform) (Employment Relations and Postal Affairs), Minister of State (Employment Relations and Postal Affairs), Department for Business, Enterprise & Regulatory Reform 17th July 2007

The Insolvency Service does not hold this information as the realisation of bankrupts' interest in properties is generally undertaken by an insolvency practitioner acting as trustee rather than the Official Receiver. However, as part of the evaluation of the Enterprise Act 2002, the Insolvency Service is collecting information on property realisations in a sample of all bankruptcy cases in England and Wales. This study is ongoing and the final results will be published in autumn 2007. Interim reports are available on the Insolvency Service website at:

www.insolvency.gsi.gov.uk

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