Official Assignee granted sanction to sell property of discharged bankrupt

Bankruptcy – application of Official Assignee to sell a dwelling house and property of discharged bankrupt – property jointly owed by the discharged bankrupt and his estranged wife – discharged bankrupt does not live in the property - subject of a barring order – four children - sum of approximately €275,000.00 due under the mortgage on date application issued – now approximately €261,000.00 due under the mortgage (including a sum of approximately €53,000.00 by way of arrears – property valued at €400,000.00 – bankruptcy proceedings - Official Assignee’s application - adjournment application – estranged wife residing in the property with her four dependant children – no alternative accommodation – Official Assignee would agree to a postponement of the sale of the property under s. 61(5) for a period of up to two years - factors to be taken into account in determining whether sanction should be given for the sale of the property by the Official Assignee - balance the interests of the parties – Court satisfied that sanction should be given for the sale of the property but postponed for 2 years - order granting carriage of the sale of the property to the Official Assignee - an order that certain accounts and enquiries be taken and made in the Examiner’s Office is not necessary - order for possession of the property appropriate but should be stayed as well – Court has power to vary the orders – sanction for sale of property given –