Buying a property at BMV (Below Market Value) can be good; however what if the person you are buying the property from goes bankrupt?

I have posted below (See Attachment(s): 6-28.doc) a copy of the 6.28 (Statement of Affairs). This is worth reading, so that you know what the OR (Official Receiver) looks at when interviewing a bankrupt. Section 3.5 & 9.1 relate to properties, but personally I would advise you read the whole lot.

A good deal today may make you feel fantastic, but beware tomorrow it can be undone by the OR!