Bankruptcy Transfer

[Ashlee_Cameron]

We are transferring property that is currently registered in the trustee's of the bankrupt estate name, back to the bankrupt.

Can this transfer be completed on PEXA? 

[GeorgePolus]

Hi Ashlee,

I have asked LUV for confirmation.  I will revert back as soon as I hear from LUV.

Regards,

George

[emily_kpalaw]

Hi George,

I have a similar query; can I transfer a property that is currently registered in the trustee's of the bankrupt estate name to a purchaser.

[GeorgePolus]

Hi Emily,

Yes - there ought be no reason why you cannot Transfer land in PEXA where the PoT is in Capacity as Trustee in Bankruptcy.  

PLEASE NOTE:  In the past, LUV sent PEXA an indicator on some titles which caused PEXA to highlight and communicate that a title is valid for all dealing types except Transfer of Land. 

Please let me know if, for the title you  are dealing with, this message appears.   I will need to ask LUV to remove the indicator from the title.   

Please let me @GeorgePolus  know how you go. 

Regards

George