Bankruptcy Search

A conveyancer will only know whether his client is solvent or not when they carry out a bankruptcy search, as part of the conveyancing process. A bankruptcy search is carried out just prior to exchange of contracts, to ensure the buyer is not bankrupt.If the buyer is found to be bankrupt then the...

The reason a Bankruptcy search is carried out by the purchaser’s conveyancing solicitor as a part of the conveyancing process is to establish whether the purchaser is, or is about to be, bankrupt. The bankruptcy search is carried out purely for the benefit of the lender. Where the purchaser...

A Bankruptcy Search is a search made on behalf of a lender to ensure that a prospective borrower is not or has not in the past been made bankrupt or has writs or orders made against...