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 bankruptcy postbag for july
 can my wife claim half the property ?

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T O P I C    R E V I E W
johns Posted - 17 July 2008 : 09:52:13
Hi, i have been told that my wife can claim half the property even though the mortgage is in my name only. We have lived in the house for nearly 8 years and will the bank with a secured loan push for me to sell even though they would have to pay off the first chargeholder, i am not in arrears with the mortgage and i shall beable to keep paying the bankloan via my wife after going bankrupt
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Suzanne Posted - 17 July 2008 : 11:12:07
Hi

Your wife can claim an interest in the property, but I would suggest you get some specialist legal advice.

The secured loan holder could repossess if they wish, but are unlikely to do so as long as you maintain payments.

Suzanne Stocker
Bankruptcy Manager
Jones Giles Ltd
www.jonesgiles.co.uk

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