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Complicated legal situation.

My friend's husband died very suddenly leaving a big big legal and
financial  mess.  They were informally separated but not divorced. The
deceased died without leaving a will.

The deceased was in business and he owned several properties mortgaged
to the hilt.  He also owned the matrimonial home jointly with his wife
and it has some equity in it.  He had on lease some business equipment
so how do the lessors get access to their equipment to get it back and
sell it.

Nobody has applied for Letters of Administration because such an
application costs time and money and there is nothing in the estate to
pay for it.  All we have at the moment are creditors and mortgagees
jumping up and down wanting paid but there are no assets wherewith to
pay them.

In such circumstances, who takes over the management of a bankrupt
estate and how are they appointed?  Does my friend stand to get her
half share of the equity in the matrimonial home?

--
Alasdair.

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