| T O P I C R E V I E W |
| gill.1 |
Posted - 22 July 2010 : 17:18:50
my husbands name is on the deeds of his parents house what would happen if we were to go bancrupt our debt is about 90.000 |
| 7 L A T E S T R E P L I E S (Newest First) |
| debtinfo |
Posted - 26 July 2010 : 18:31:18
Then the OR will assume that if there are 3 names n the property that your husbands bankruptcy is entitled to 1/3 of that equity. It is down to him to prove otherwise. It is unlikely that he can show that he has no interest (how much was his share of the deposit) but he mab be able to show that it is less than 1/3 if he has made no other contributions over the last 10 years |
| gill.1 |
Posted - 26 July 2010 : 16:56:15
quote:
Originally posted by debtinfo
Then it is likely that he may have an interest in the property. Is there any equity at the moment
yes 150.000
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| debtinfo |
Posted - 26 July 2010 : 16:52:12
Then it is likely that he may have an interest in the property. Is there any equity at the moment |
| gill.1 |
Posted - 26 July 2010 : 16:41:57
quote:
Originally posted by debtinfo
how long ago and how much, also what proportion
10 years ago and approx one third
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| debtinfo |
Posted - 24 July 2010 : 06:13:05
how long ago and how much, also what proportion |
| gill.1 |
Posted - 23 July 2010 : 18:37:28
quote:
Originally posted by debtinfo
What is the position in the house i.e does it have any equity and why is he on the deeds, did he help with a deposit etc
yes he helped with a deposit |
| debtinfo |
Posted - 22 July 2010 : 17:27:14
What is the position in the house i.e does it have any equity and why is he on the deeds, did he help with a deposit etc |
